Network Data chief executive Alex Cotton emailed ARs this evening offering them the chance to move over to the IFA group, claiming to have secured approval from the FSA for a bulk transfer.
The email says: “We are delighted to release full details of the exclusive arrangement we have now secured to enable you to start writing business, as well as secure any pipeline business.
“We have teamed up with LighthouseXpress Limited, who can offer you a seamless transfer to avoid any further delay in you writing business.”
The email says Network Data ARs must apply before 5:30pm tomorrow.
Lighthouse was unavailable to comment at the time of writing and the FSA declined to comment on the news.