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White-label deal for Merricks newsletter

Professional View, the monthly marketing newsletter written by Simpsons of Brighton IFA partner Andrew Merricks, is being offered on a white-label basis to rival advisers. The letter, which costs £50 a month in each local area, contains forthright views on topical issues which IFAs can send to favoured solicitors and accountants with the aim of winning more professional referrals. IFAs can email lucy.whitaker @professionalview.co.uk for details.

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Friends buys 9.9% stake in Lighthouse

Friends Provident Life and Pensions is taking a 9.9 per cent stake in Aim-listed IFA Lighthouse for just over £700,000.Friends is the third provider to snap up a piece of the 500-RI firm, which is looking to multi-tie parts of its business in the second quarter of the year after depolarisation.Friends takes a 9.9 share […]

M&G Investments – Cautious Managed Portfolio

Friday, 7 March 2003 Type: Oeic Aim: Income and growth by investing in equities and fixed interest securities Minimum investment: Lump sum £1,000, monthly £100 Investment split: Equities 50%, fixed interest 50% Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1.5% Special offer: Initial charge discounted by 1% Offer period: Until April 5, […]

Big losses prompt Abbey Nat to split businesses

Abbey National is refocusing after its recent expansion programme to concentrate on its retail banking and onshore IFA businesses after describing its results for last year as “extremely unsatisfactory”.The company lost £984m last year after a profit of£1.47bn in 2001. As a result, Abbey is splitting its operation into two – personal financial services taking […]

&#39Tax axe turns Isa investors away&#39

Almost half of investors who are aware of the planned scrapping of the tax breaks on equity Isa dividends say they are less likely to invest in an Isa as a result. Research by fund firm Isis has found that 45 per cent of investors who know about the abolition of the 10 per cent […]

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