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Rose is ready to make return

Former Wentworth Rose founding director Philip Rose is looking to set up a new IFA firm following a two-year break travelling round the world.

Rose says he hopes to set up a new firm over the next few months and will concentrate on creating “state of the art” IT systems, building value from funds under management and strongly incorporating treating customers fairly.

Wentworth Rose was set up by Rose and Ray Peyre in 1989 and established a name in the at-retirement market in the late 1990s with annuity service deals with the Telegraph, Mirror and Scotsman newspapers.

In June 2002, Aegon bought a 50 per cent stake in the firm and in April 2004 it bought the remaining half.

Rose stepped down as chairman when Aegon bought the remaining stake with chief executive Tudor Taylor taking over.

Wentworth Rose was later rebranded as Origen, along with a number of other Aegon-owned IFA firms.

Rose says: “I cannot stay on holiday for the rest of my life. I have spent nine months looking at the industry. I am not quite sure which area of the market we will focus on but I will be setting up a new model firm.”


Aifa launches fee seminars

Aifa has announced plans for a program of seminars to assist IFAs with the development of a fee-based business model, to be led by FP Advance managing director Brett Davidson.Aifa and FP Advance say the seminars follow requests from members who wish to further develop their existing fee charging structures, transfer to a fee-based model […]

Big rise in FSA fines show that TCF is starting to bite

Breaches of the treating customers fairly principles now feature in 40 per cent of all fines imposed by the FSA compared with 11 per cent in March 2006.Research from law firm Reynolds Porter Chamberlain uncovered the big rise, for the year ending March 2007, and solicitor Robbie Constance says it shows that the FSA’s TCF […]

PGH buys Annuity Direct and ponders flotation

Partnership Group Holdings has bought Annuity Direct and has appointed Lexicon Partners as advisers as it considers a possible flotation.The parent firm of healthcare firm Partnership Assurance says it is looking forward to increasing its expertise in the area of medically impaired financial solutions for retirement through the buy.Annuity Direct managing director Stuart Bayliss says: […]

Jupiter signs Peninsular’s Vazirani

Jupiter has made its first post-MBO move by appointing Avinash Vazirani as a fund manager and director at the firm.Vazirani joins from Peninsular Capital Partners, a firm he established back in 2005 and ran both long only and long/short funds from the Indian sub-continent.As part of the deal, Jupiter will also take Vazirani’s long/short alpha […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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