View more on these topics

Sway is set to expand despite defections

Sway is looking to move into the generalist IFA conference arena with an

annual summit to rival Pims.

It also plans to expand its Senate programme to two investment conferences

a year in Monte Carlo in the summer and Malta in the winter.

The news follows last week&#39s decision by Aberdeen, M&G, Invesco Perpetual,

Schroders and SG Asset Management to withdraw from next year&#39s Sway

conference after a dispute over the heavy itinerary and high numbers at

this year&#39s Madrid event. The five are set to team up with firms such as

Credit Suisse Asset Management and several other providers to launch their

own conference next spring.

In an interview with Money Marketing this week, Sway chief executive John

Maguire says he was unfazed by the breakaway and is working on an

additional conference which will take 10 fund firms around the UK this


The Equate conference, which will include names such as Investec, Old

Mutual and Newton will tour six venues, and will aim to reach the UK&#39s top

1,000 IFAs.

Commenting on the withdrawal of the five firms, Maguire says: “If you

speak to the delegates, they will say they see plenty of the big groups.

The people they do not see all the time are the people they want to spend

three days with. No, we are not happy that five of them have decided to

club together and do their own thing but it is not the end of our world.”

Profile, p37


Aifa claims to be close to pact with GISC on dual rule

Aifa claims it could soon reach a deal with the General InsuranceStandards Council to end dual regulation of IFAs selling general insurancepolicies such as waiver of premium and unemployment cover. However, the GISC denies it is close to a compromise. Aifa believes product providers are standing in the way of the GISCblocking advisers regulated only […]

Southern Pacific looks at the adverse credit market

Southern Pacific Mortgages has introduced the fixed rate adverse credit mortgage.It has a fixed rate of 6.75 per cent for loans of up to a maximum of 65 per cent of valuation. The rate will be fixed until September 1, 2002, after which it will revert to a percentage above the London Interbank Offered Rate […]

Colonial rebranding to be top 10 IFA firm

Colonial First State Investments is to ditch the 100-year-old Colonialname from its UK brand in the first step of a multi-million-pound relaunchinto the IFA market. The fund manager, which will rebrand as First State Investments, is alsolooking at the possibility of launching an online IFA platform based ontechnology from Australia. First State Investments chief executive […]

Beale Dobie guide to Tep pros and cons

Traded endowment policy market-maker Beale Dobie has updated its IFA guideand produced a new consumer version which discusses the pros and cons ofTeps. The new IFA guide aims to help advisers explain to their clients the taximplications of investing in Teps and their uses in retirement planning. The guides also list frequently asked questions, including […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm