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Whitechurch deal to train Pearl salesforce as IFAs

Whitechurch Network is offering members of the Pearl direct salesforce facing redundancy a new package to attract them to the network.

In response to the news of Pearl&#39s plans to axe its direct salesforce of 1,000, the Bristol network is setting up a special unit headed by managing director Ian McIver to train direct salespeople to become IFAs.

The network is also offering a monthly membership charge of £375 plus VAT for the first three months, rising to £460 plus VAT for the next nine months.

After the first year, normal fees, which are a percentage of turnover, will apply.

The unit aims to train new members through workshops which will include presentations by current Whitechurch members who set up from scratch and ex-Pearl consultants who are already members.

For those preferring to join an existing IFA, Whitechurch will pass on details of existing members who are looking to expand their businesses.

Whitechurch also plans to extend the offer to the Royal London direct salesforce although they have yet to contact the relevant Royal London senior managers.

Whitechurch chairman Kean Seager says: “Being made redundant is always a psychological blow but it should be viewed as a chance to make a new future. It is never easy to go the IFA route but a redundancy cheque provides the opportunity to make a change in your life and move forward.”

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