View more on these topics

Thinc Group sets out multi-pronged strategy

Zurich Advice Network franchisee Thinc Group is to launch a fee-based IFA, a multi-tie operating under the Zan umbrella, a mortgage broker and a commercial lender as part of its depolarisation plans.

The London-based firm, which has 60 RIs spread across its five divisions, aims to grow to 500 by 2005. It is one of the first organisations to provide full details publicly of its proposition for a depolarised world.

The IFA arm, branded Independent Solutions, will offer fee-based advice to high-net-worth clients and a general practice advice service.

Its Zan franchise, Financial Solutions, will continue as an appointed representative of Zurich but with a view to becoming a multi-tie offering advice on a range of providers.

Thinc says it has a solid relationship with Zurich and plans to offer advice on the range of providers that the life office chooses for its multi-tie panel.

Its Mortgage Solutions division will offer loans from Zurich Mortgage Club&#39s range on a white-labelled basis and will be registered separately with the Mortgage Code Compliance Board for sub-prime business.

The other two divisions, Commercial Solutions and Asset Solutions, are both lending operations for businesses.

Thinc Group director Gregg Taylor says: “Whether you want to be a fee-based IFA, a mortgage broker or a multi-tied adviser, we can offer you a position under a single growing brand.”

Zan media relations consultant James White says: “We believe the Zan proposition is already strong and have plans to ensure that it remains compelling as regulation changes in the marketplace.”

Berkeley Berry Birch chief executive Stephen Ingledew says: “You are going to see a number of models such as this emerging as we get closer to depolarisation.”


GE Life adds fund management big guns to its pension arsenal

GE Life is enhancing the external fund links available on its single-premium pension plans. It is including a range of flagship funds from Fidelity, Invesco Perpetual, Liontrust and Newton. The 14 new fund links include Fidelity special situations, Invesco Perpetual high income, Liontrust first income and Newton higher income. They are added to funds already […]

Equity-release business booms

Equity-release lending shot up by 121 per cent in the first half of this year compared with 2002. The figures from the Council of Mortgage Lenders, based on returns from 21 lenders active in the equity release market, show that £498m was borrowed by older homeowners in equity-release mortgages – more than double the total […]

Phone of contention

What do you think of FSA plans to force mortgage brokers to conduct a fact-find before offering rate quotes over the phone? Clifford: It is highly questionable and a piece of bureaucracy which threatens to add cost, disjoint the advisory process and is unlikely to add any significant consumer benefit. Thoroughly assessing clients&#39 needs and […]

Portman open to merger interest

Staffordshire Building Soc-iety&#39s acquisition by Portman Building Society could become the blueprint for future purchases as Portman seeks continued growth. Portman snapped up Staffordshire at the end of June. The deal is due to go before Staffordshire&#39s members at a special general meeting on September 22. Portman bought specialist lender Sun Bank from Sun Life […]


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