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Revival of regional exchanges set to boost IFA business

A planned revival of regional stock exchanges across the UK to

generate more investment in SMEs could bring new inv-estment business

for IFAs.

The exchanges, being set up by regional chambers of commerce and

regional development agencies, are set to target individual IFAs and

IFA networks as distribution channels to encourage local investment

in local businesses. There are plans to develop exchanges in

Birmingham, Manchester and the South-east.

The first regional exch-ange will be the West Mid-land Sharemark in

Birmingham. Having already secured RDA funding and chamber of

commerce backing, it will launch by the end of the year.

Private and public firms will be able to join the exchanges, which

will be listed online, for a fraction of the price of listing on the

Aim or the London Stock Exchange. Introduction to the Birmingham

exchange is likely to cost £5,000 compared with

£150,000-£250,000 to list on Aim.

Businesses looking to float on regional exchanges are also likely to

have the first call on Government public sector venture capital funds.

Similar online systems giving local companies a less exp-ensive way

to create a market in their shares already exist in Stuttgart and



Four fixes feature in C&G new loan offers

Cheltenham & Gloucester is offering a new range of mortgages withfixed terms ranging from two years to seven years.The loans include fixes for two, three, five and seven years whilethe four-year capped rate will remain unchanged at 4.99 per centuntil June 2007 for loans up to 90 per cent loan to value or 5.29 percent […]

Median Insurance Management – Smartgard

Type: Mortgage payment protection insurance Maximum benefit: £1,500 or 125% of monthly mortgage repayment, whichever is lower Benefit payment term: 12 months Deferred period: 30 days Premium: £3.25 per £100 for unemployment cover, £3.25 per £100 for accident and sickness cover, £4.95 per £100 for accident, sickness and unemployment cover Commission: Initial 25 -35% Tel: […]

Inter-Alliance expands Middle East operation

IFA group Inter-Alliance International is opening an office inBahrain as part of its Middle East expansion programme.The group has appointed Chris Curry as managing director ofInter-Alliance International Middle East. He will be responsible fordevelopment in the region.The offshore arm of Inter-Alliance plans to develop the Middle Eastregion over the next three years, with Bahrain taking […]

A consumer&#39s view

The recent landmark decision by the FSA on differential pay rises hasimportant implications for all employers and their pension advisers.The FSA has recently taken the brave step of awarding lower pay risesto staff who are members of its final-salary pension scheme in anattempt to head off total closure of the scheme.Within the FSA, only 900 […]


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