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The jury was…

The jury was still out among City analysts over Bradford & Bingley chief executive Christopher Rodrigues&#39 IFA-based str ategy as the former building society floated on the London stockmarket this week.

B&B Shares were trading just below the 248p flotation price at time of Money Marketing going to press.

B&B, which recently bought mortgage specialist John Charcol, is valued at around £1.7bn, just outside the FTSE100.

Windfalls for members were £609.65 – at the low end of predictions which had suggested they could reach £800.

Corporate affairs manager Chris Holland says: “We are pleased the flotation went smoothly and although the shares were within the lower end, at least they were within the original scale.”


&#39Up to 300 CFP sales staff moving to Allied Dunbar&#39

Allied Dunbar has signed up the lion&#39s share of salespeople from Lincoln-owned City Financial Partnerships, claim rivals. It is understood that, of the 490 salespeople formerly emp loyed with CFPL, 120 have been hired by network Inter-All iance, 13 left to form the new IFA firm Lighthouse, 10 have gone to J Rothschild Assurance and […]

Will FSA be left holding the baby?

Should the FSA be accountable for purchasing decisions made on the back of decision trees? ML: While decision trees are an excellent concept, they may prove difficult to implement. They could be percei ved as 90 per cent helpful and 10 per cent unhelpful. Providers are likely to want to know how an individual made […]

Loyal investors targeted for Tessa Isa by Leeds & Holbeck

Leeds & Holbeck Building Society has expanded its range of Tessa Isas with the Cat standard loyalty Tessa Isa. The Isa is aimed at existing Leeds & Holbeck customers who have a tax exempt small savings account (Tessa) that is about to mature and are now considering how to reinvest the capital. Leeds & Holbeck […]

Stake shake

In a letter to the ABI and Autif last month, Department of Social Security head of private pensions John Hughes laid out a series of amendments to stakeholder pension schemes. The most controversial part of the amendments, seen by many in the industry as the Government backtracking on its original aim of enabling lower earners […]


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