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Thomson&#39s aims at medic market

Thomson&#39s, the UK arm of European IFA AWD is signing a deal with MIA General Insurance to target medical and dental professionals for financial planning advice.

The deal will allow MIA and Thomson&#39s IFA offer each other&#39s products to their medical professional customers. Thomson&#39s will provide specialist advice and products such as investment strategies, portfolio management, tax, trust and estate planning, retirement planning, savings, protection, long-term care and mortgages.

Thomson&#39s already offers a financial planning service to members of the Dentists and General Mutual Benefits Society and intends to recruit or train another 30-40 specialist advisers in the next two years to specialise in this area.

MIA offers products specifically for medical and dental professionals including professional indemnity cover.

Thomson&#39s has worked in the professional connections market offering specialist services to solicitors and accountants since 1969. Its existing partnerships operate through a number of different channels including individual referrals, on-site advice surgeries, a permanent on-site adviser and a joint venture company. Thomson&#39s chooses the process to adopt for the level of demand and practice size.

Thomson&#39s Wealth Management managing director Eric Stables says: “People working in the medical and dental industries often have very specific and specialist tax and pensions arrangements. Thomson&#39s has a number of advisers across the UK who are specialists in this field.”

MIA general insurance managing director Nick Sharp says: “Feedback from existing MIA customers confirmed there was a need in this area, and they will benefit from independent financial planning frame the leading specialists.”

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