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Do you agree with Sesame group chief executive Patrick Gale that only IFA networks with more than 500 RIs will survive?

“No. Size is not the only factor. If they are astute enough, the smaller ones can survive.”

Frank Gow, Ashwood Law

“Yes. It is a continuation of what we have been experiencing in the last 20 years, particularly with the innovations presented by technology, regulatory and technical compliance will be easier to deal with. The bigger players will be more equipped to cope.”

David Snelling,TW Martin

“I think he is probably right. The lure of lower costs is attractive but what it comes down to is investment and size. That is key. After all, you get what you pay for.”

Chris Rainbird, Rainbird & Co

“It will be very difficult for smaller networks to survive with the constant changes but I can still see a place for smaller groups to be able to combine resources and compete in the marketplace.”

Iain Crawford,Ainsworth Financial Services

“He is just feathering his own nest. I suspect smaller, more nimble networks will have an advantage.”

Robert Pearson, Finn Gledhill Solicitors

“It is rubbish – anyone who has the sense and ability to do business and to do it profitably will be a success.”

Terry Grimsley, Ringrose Grimsley

“Yes. In fact, PI and train-ing costs forced me to stop being an IFA last month although I am still doing mortgage business.”

John Rigby,Rigby Financial Services

“No.There will be some with fewer members if they have a good PI arrange-ment and good producers.”

Matthew Brown, Argent Consulting

yes 38%

No 62%


Norwich Union increases equity release rates

Norwich Union is increasing the rates on its lifetime mortgage by 0.2 per cent. The interest rate will increase to 7.19 per cent for business introduced through IFAs and to 7.49 per cent for direct business. The new rates will be effective on loans completed on and after 2 August 2004. Norwich Union Personal Finance […]

SG Asset Management – SG International Bond Fund

Type: Oeic Aim: Income by investing globally in fixed-interest securities Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in global fixed -interest securities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 0808 1007426

GMAC-RFC completes largest securitisation deal

GMAC-RFC and the Kensington Group have both announced mortgage-backed securitisation deals. GMAC-RFC&#39s 15th and largest-to-date transaction is valued at £1.5bn and is the lender&#39s second mixed collateral deal to involve prime, near-prime and non-conforming collateral. GMAC-RFC capital markets director Stephen Hynes says the deal gives investors an opportunity to see the lender&#39s prime and near-prime […]

SimplyBiz IFAs reject multi-ties

The vast majority of Simply Biz IFAs will not choose to multi-tie in 2005, according to a survey of members by the company. The online survey on the impact of depolarisation indicates that 90 per cent of SimplyBiz members would prefer to remain independent, with only 6 per cent saying access to the whole market […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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