View more on these topics

Towry in loan link-up with Holdsworth

National IFA Towry Law is setting up a specialist fee-based mortgage adviser in a joint venture with broker Holdsworth Financial Management to compete head-on with the likes of Charcol and Savills.

The new London-based firm will be branded Towry Law Mortgage Services. It will absorb HFM and start trading in the middle of next month, headed by HFM managing director and former Charcol director Simon Holdsworth.

Towry says the investment for the set-up is a 50-50 split. HFM will handle Towry&#39s mortgage referrals and develop its own client base.

Holdsworth left Charcol after its acquisition by Bradford & Bingley in April 2000 and started HFM in Warwickshire 18 months ago. It has a turnover of £500,000 but aims to reach £5m by the end of 2003 with the new venture.

Towry will not disclose how much it generates from mortgage sales but says this has not been a business focus.

TLMS will have 15 mortgage advisers at launch, with Holdsworth as managing director and Towry MD John Simmonds as chairman.

Holdsworth says: “We will become the specialist mortgage arm of Towry and will be a pure mortgage player with a good degree of focus and experience. We aim to be one of the biggest brokers.”

Charcol spokeswoman Siobhan Hotten says: “Given the complexity of the market, it is good that consumers are getting more access to advice. We wish them luck.”


Actuarial appointment at Exeter FS

Exeter Friendly Society has announced the appointment of Michael Dunford as actuary and chief underwriter.Dunford&#39s role will focus on actuarial work for Exeter&#39s range of private medical insurance products. He joins from Liverpool Victoria where he was assistant actuary at Permanent Insurance until it was absorbed into the friendly society.It has also appointed Sarah Pyne […]

Warning of strikes over occupational schemes

There is a clear-cut case for striking over pensions and employers should expect workers to start walking out unless they stop closing occupational schemes, warn two of the UK&#39s biggest unions.The call from public services union Unison and manufacturing union Amicus, which collectively represent two million UK workers, comes a week after Trades Unions Congress […]

Collins Stewart – Collins Stewart Balanced Fund

Friday, September 13, 2002 Type: Oeic Aim: Income and growth by investing in international bonds, equities, cash and other specialist investments Minimum investment: Lump sum £5,000 Investment split: 100% in international bonds, equities, cash and other specialist investments Isa link: Yes Pep transfers: Yes Charges: Initial 3%, annual 1.5% Commission: Initial 3% Tel: 020 7523 […]

Free access to extranets

Prudential, Norwich Union and Skandia have teamed up to offer IFAs free access to their extranets.The service is part of the Unipass individual digital certificate being developed by Origo, announced at the Advisertech conference in London last week.Origo says Unipass will revolutionise the industry by saving IFAs and providers time and money by ending the […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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