National IFA RJ Temple revealed a pre-tax profit of £362,000 in its half yearly results to June 31, up from a loss of £36,000 for the same period last year. Its profit after tax is £257,000. Its turnover is up 44 per cent to £9.7m from £6.8m. It says one of the factors contributing to the turnaround to profit is the success of its corporate division launched in January which accounted for £345,000 of the total turnover. Annual productivity per RI in the first half of the year increased to £32,500 from £22,400.
Gartmore Investment is moving into the venture capital trust (VCT) arena with the Gartmore premier VCT. The VCT's objective is long-term capital growth and income by investing mainly in developing companies listed on the alternative investment market (Aim). It may also invest in unquoted companies listed on Ofex and those that plan to be AiM-listed […]
General insurance network Central Electronic Trading Agency is appointing Sandie Schofield as director of operations.The newly created post has been created by CETA in response to increased business levels. Schofield, who joined CETA in 1995, will be responsible fo building relations with insurers and CETA's network of agents.
It is becoming increasingly obvious that many (though not all) IFAs are taking the ostrich attitude towards the internet and e-marketing.Contrary to what we often hear, only 12 per cent of internet users are the unemployed and students. Over 30 per cent of users are middle and senior management and professionals.The average user is of […]
Paragon Group is claiming victory in a Court of Appeal test case which lenders feared would restrict their ability to set variable rates at random.However, London-based lawyer Joseph Aaron, who acted on behalf of the borrowers of Paragon subsidiary National Home Loans who took the lender to court, is disputing the victory and claims the […]
As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]