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Park Row Corporate & Private Clients launches

Park Row Corporate & Private Clients has launched officially with 23 advisers on board. Head of the company Peter Sprung hopes to have 50 advisers in three years.

AXA Sun Life is the business development partner for the new division, and Scottish Widows is the educational and development partner. The Institute of Financial Planning will be providing bespoke courses utilising their fast track to take advisers through to CFP licensing.

Sprung says: “We&#39re delighted that we have so many advisers on board so soon. However, for the meantime we&#39ll stick with our original target &#45 we may just achieve it quicker than we expected!”


Pru picks distribution chief

Prudential business-to-business distribution director Andy Briggs is heading all intermediated UK distribution following distribution director Nick Smith&#39s departure. Briggs, who will continue as director of BTB distribution, took up his new position last week. Having joined the Pru 16 years ago, Briggs starting out as a pensions actuary. He later moved into marketing, becoming strategic […]

Scot Eq closes 11 IFA branch offices

Scottish Equitable is closing 11 of its IFA branch offices in a restructuring that will see its branch numbers cut to 17 from 28. ScotEq says it wants to move to more focussed national &#39sales centres&#39 from its current branch structure.

Bond rate boosted but Widows makes WP cuts

Scottish Widows is cutting bonus rates on many of its with-profits policies in line with rival companies, with changes taking effect from January 1. Unitised with-profits life and pension policyholders will see regular bonus rates down by between 0.5 per cent and 1 per cent while regular bonuses on conventional with-profits life polices remain the […]

Invesco Perpetual adds to distribution gang

Invesco Perpetual has added the Invesco Perpetual distribution fund to its Oeic fund range. This fund&#39s objective is income and growth by investing in a combination of at least 60 per cent in fixed interest and the remainder in equities. The fund will be managed by Paul Cause, Paul Read and Neil Woodford, who have […]


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