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To catch a theif

IFAs do not only have the regulator and product providers to contend with. The Diary was shocked to learn of the plight of Simply Biz chairman Ken Davy, who has been dealing with some trouble of his own.

The Diary bumped into a somewhat shaken Davy at this year&#39s Aifa dinner, where we learnt that PI cover and the latest consultation paper are the least of Simply Biz&#39s problems.

“They come in through the window at night,” said Davy “They came in through the front, then the back and I am sure they will come in the side the next time. They use a ladder, don&#39t you know.”

The solution to the burglars? Davy says he is sneaking into his office in the early hours of the morning to try and apprehend the bandits personally.

While we salute his bravery, the Diary thinks this business should be left for the relevant authorities and we hope it has not dampened Simply Biz&#39s first birthday celebrations.


LEBC eyes expansion after profits leap by 84%

National IFA LEBC Group nearly doubled its profits to £314,000 in the year to May from £171,000 the previous year. The firm, which launched in June 2000, headed by former Towry Law-owned Advizas advisers, saw a 19 per cent rise in turnover to £5.1m from £4.3m. LEBC says it hopes to increase its number of […]

Millfield cuts loss by 4.5 per cent

National IFA Millfield Group&#39s losses have fallen 4.5 per cent to £5.6m in the six months to September 2003, from £5.9m for the same period last year. The Aim-listed firm saw turnover for the period increase 65 per cent to £23.5m for the six months to September 2003, from £14.2m for the same period in […]

House prices up by 1.2 per cent in November – Nationwide

House prices rose by 1.2 per cent in November down from a 2 per cent rise in October, according to Nationwide&#39s monthly house price index. The average house cost £133,388 in November up from £131,947 in October. Group economist Alex Bannister says: “The housing market remained firm in November with the price of the typical […]

Web tool aids planning

Adviser technology firm Distribution Technology is offering an internet-based financial planning tool for IFAs. Distribution Technology was set up two weeks ago by former mPower managing director Ben Goss and IT consultants Patrick Fitzgerald and Adrian Hall. Advisers can access the software by logging on to a secure website rather than loading it from a […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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