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Simply Biz recruits over 50 firms in first month

Simply Biz, the service provider established by DBS founder Ken Davy, has

recruited more than 50 firms comprising over 130 RIs in its first month of


The new recruits range from IFA firms which are directly regulated to

advisers who were formerly tied agents as well as IFAs who have left their

existing networks to join Simply Biz.

The Huddersfield firm is holding a series of introductory seminars

throughout the country. Davy says he is confident that the firm is on track

to meet its target to recruit 350 firms this year.

He says: “I am hands on at the helm and I am loving every minute of it. I

am confident we shall achieve our expectations.”

Misys Regulatory Serv-ices managing director Stephen Young says: “It is

nice to see Ken recognising there is this market which MRS went into last

year. His proposition is very slimline. We can offer a more comprehensive



IFAs and investors disagree on markets

Almost three-quarters of IFAs believe the stockmarket will be higher in six months&#39 time, according to JPMorgan Fleming. The fund manager&#39s confidence survey, conducted last month, found that 72 per cent of IFAs believe the stockmarket will be higher in June. But in a separate survey, JPMorgan found that just 23 per cent of investors […]

Doubts grow over future of NPI brand

NPI is set to become the latest brand to bite the dust following theradical restructuring of AMP&#39s UK business.The latest speculation on the future of the NPI brand follows comments madeby AMP group chief executive Andrew Mohl to the press that NPI as well asPearl would cease product manufacture.AMP paid £1.5bn for NPI following its […]

Slight fall in number of credit-impaired says Datamonitor

The number of credit impaired individuals fell to 7.8m in 2002 from 7.9m in 2001 according to research from market analyst Datamonitor.The figure, that has decreased from 8.2m since 1998, reflects the number of people who are systematically refused credit from mainstream lenders whatever the size of their application. It includes sub-prime, non-status, non-conforming and […]

Revenue review sparks fears over trustees

The threat to Sipps and SSASs in the Inland Revenue pension taxation reviewcould spell the end for much of the work carried out by pensioner trustees,pension experts are warning.Advisers&#39 concerns have been raised by a paragraph in the review that saysSSASs and Sipps will have to adopt the same prudential investmentapproaches as all other pension […]


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