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Society puts IFA on the buying trail

Rochdale IFA MS Financial Services is hitting the acquisition trail for IFAs after Manchester Buil ding Society bought a 10 per cent stake in the company to back its expansion.

The deal is believed to be the first of its kind in the UK. Manchester says the deal is purely an investment rather than the purchase of another channel to sell its own products. It will act as an introducer to MS for its members.

Manchester chief executive David Cowie says: “This represents a strategic inv estment for us to grow the value of the investment and to broaden the range of services we can offer to our members without having to increase our cost base.”

MS managing director Mark Sharples says: “The capital injection will enable us to expand the company in terms of turnover, number of high-quality advisers and geographical coverage.”


Leeds & Holbeck Building Society – FTSE Linked Tessa Isa

Tuesday, 12th December 2000.Type: Capital protected Isa.Aim: Tax free growth linked to FTSE 100.Minimum-maximum investment: £100-£9,000.Investment choice: 100 per cent linked to FTSE 100.Term: Three years.Guarantee: Capital returned in full at end of term even if FTSE 100 falls.Return: Capital returned in full along with 27.5 per cent of original investment as long as FTSE […]

Life after Equitable

Immediate impact1. Will ELAS restore my loss of seven months&#39 growth (including interest)? No2. If I take my benefits now will I get my seven months&#39 growth restored? No3. I have just taken my benefits, when will I get my seven months&#39 growth? There will be no repayment. 4. How much windfall will I get? […]

Assureweb in Freetrawl deal for Tep valuations

IFA trading platform Assure-web is teaming up with online traded endowment policy service Freetrawl to give its users access to online Tep valuations. IFAs using Assureweb will be able to access the Freetrawl service free and search for quotes on polices from Tep market-makers. The Freetrawl site allows IFAs to enters a client&#39s policy details, […]

The long history of Equitable Life, RIP

1762 Equitable Life is foun ded as the world&#39s first mutual society. 1957 Equitable offers its first guaranteed ann uity pension. Mid-1980s Equitable makes a virtue of the fact that its salesforce is not paid by commission, unlike IFAs, in its advertising. Late 1980s and early 1990s The changing interest rate environment means thousands more […]


The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]


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