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Profits boost for Positive Solutions

Positive Solutions more than doubled its pre-tax profits in the year to December 2003 as it boosted its number of IFAs by 35 per cent. The national IFA&#39s profits rocketed 161 per cent to £1.11m from £425,716 with turnover rising 41 per cent to £25.6m from £18.1m. PS increased its number of IFAs to 750 from 552 and says it expects this expansion to continue, having already recruited around 50 advisers this year.

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Datamonitor sees CI fall and tells IFAs to explore new avenues

Datamonitor has warned IFAs of a slump in criticalillness sales, saying it expects only a 20 per cent growth from the current £330m to £389m by 2008. The analyst does not believe there will be a market crash but advises IFAs to seek other sources of revenue if their business streams are heavily reliant on […]

Bun for your lives

The Diary understands that PRs at Lansons were forced to make a mass exodus from their Farringdon headquarters last week after one of their best and brightest set off the fire alarm while making a snack. Liz Wilder, or Smokey as she is now known by her colleagues, was apparently so distracted by her work […]

Sarasin wrapper out for fifth time

Sarasin has brought out another issue of Sarasin Guaranteed Portfolio – globalsar principal guaranteed note. Issue five of this capital-protected fund invests entirely in the Sarasin CI globalsar sterling balanced fund, which is a Guernsey-based unit trust. The underlying fund has a 16-year track record and invests globally in a combination of equities, bonds and […]

Tilney American fund cracks IFA market

TILNEY INVESTMENT MANAGEMENT AMERICAN GROWTH FUND Type: Oeic Aim: Growth by investing in US equities Minimum investment: Lump sum £500, monthly £100 Investment split: 100% US equities Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 0808 100 8878 Tilney Investment Management&#39s American growth fund was originally […]

Natixis video: Making smarter use of asset classes

Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]

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