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Thinc bins multi-tie arm

Axa-owned Thinc Group is to transfer its multi-tie national advisers to a whole of market proposition by the end of this year.

The move includes all protection, investment and pensions multi-tie arrangements.

Around 100 advisers in Thinc’s national business will transfer to the whole of market proposition with the help of a conversion programme to aid transition.

Thinc is not making any changes to its multi-tie arrangements for network members or its existing single-tie arrangements, in either the national or network parts of the business.

Advisory Services chief executive John Simmonds says: “This is an exciting development for Thinc Group as we continue to strengthen our position as one of the UK’s leading financial advice brands. The expansion of our whole-of-market offering is positive news for our clients and we will work closely with our advisers across the Group to ensure a smooth transition period.”

The company will rebrand under the Bluefin brand from January 2009.

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