View more on these topics

Thinc’s multi-tie advisers in whole of market move

Axa-owned IFA Thinc Group is moving its 100 multi-tie national advisers to a whole-of-market proposition by the end of this year.

The multi-tie advisers in Thinc’s national protection, investment and pension business will be put on a conversion programme to transfer across to whole of market.

The IFA says the move will not affect its multi-tie arrangements for network members or existing single-tie arrangements in either the national or network arms of the business.

Thinc is rebranding as Bluefin from January with the integration of SBJ Benefit Consultants and PIFC, the independent pension and employee benefits consultancy.

The tie-up is bringing together the general insurance broker companies of Venture Preference under one umb- rella brand to offer financial advice, consultancy and insurance broking.

Thinc parent company Advisory Services chief executive John Simmonds will become chief executive of Bluefin Advisory Services, with Venture Preference head Stuart Reid assuming the role of chief executive for Bluefin Insurance.

Simmonds says: “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.”

Thinc group proposition director Jon Everill says: “We constantly review our propositions to clients and advisers, in that order, to ensure that they remain competitive and are what people want.

“We will be reviewing our network and single-tie propositions next year to make sure they work for us in the short to medium term.

“Our business model is driving us in this direction but I am sure there is mileage for multi-tie providers and distributors to be in the market for as long as it is there. I am not going to stand up and say this is the demise of the multi-tie because I do not think it is.”

Recommended

IFAs facing levy rise over B&B

The FSCS says it is unable to predict if the Bradford & Bingley nationalisation will trigger increased levies on IFAs and the rest of the financial services industry.This week, the Government and the FSCS took on a £14bn loan from the Bank of England to cover the B&B intervention. The authorities hope the sale of […]

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.

Structural damage

Much to the annoyance of my family, I have spent the weekend watching the Ryder Cup. Even as I write this article, I am enjoying the thrills and spills of the singles on Sunday night.

Playing by the rules

I was pleased to be reminded of a set of rules that are all to easy to forget when markets prove as tricky as they have been. Originally laid down by Merrill Lynch’s Bob Farrell and styled as Ten Market Rules to Remember, they were designed as a guide to wise investing. Recently, the economics team at Merrill revisited these rules with the intention of applying them to current market circumstances.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com