View more on these topics

Wolves IFA buys up firm

Wolverhampton IFA Newell Palmer & Associates is buying three-RI firm Collinge Rayner for an undisclosed sum.

Seven-RI Newell Palmer says the acquisition of Birmingham-based Collinge marks a big step forward and is one of a series of planned purchases.

Corporate specialist Newell Palmer assists private and business clients in tax-free property purchases. The deal is its fourth acquisition in 18 months and it recently appeared on the Inner City 100 list, which locates the 100 fastest-growing inner-city enterprises in the UK.

Newell Palmer is part of a group of IFAs called Newell Palmer Partnerships, including Lowe McTernan, Crombies Financial and KGJ-Annan, which between them have 11 RIs.

Sales director Paul McElroy says: “The firm has grown significantly in the short time since it was established and we are now in an excellent position to increase our share of the West Midlands market.”

Collinge Rayner former managing director Andrew Collinge, said: “This marks an exciting development in the area of personal financial advice.”


Nvesta gears up for security

Nvesta has brought out the secure multi-tracker plan, a guaranteed equity bond linked to the performance of three stockmarket indices &#45 the FTSE 100, S&P 500 and Nikkei 225. The bond has a term of six years and provides a full capital guarantee regardless of the performance of the indices. Investors will also receive 110 […]

Bloom or doom?

It is thought that many lenders will restrict access to their products to tied brokers and big networks. Do you think this will happen? What will be the effect on small brokers? Mountney: This has yet to ratified and frankly it would be a dangerous game for a lender to play. At this stage, we […]

Friends set to make another cut in payouts for with-profits policyholders

Friends Provident has cut pay-outs for with-profits policyholders for the fifth time in two years. Friends is cutting bonus rates on some unitised with profits policies, which will be reduced by 0.25 per cent. Final bonus rates on some unitised and conventional with profits policies will also be reduced. As a result of the review […]

Short-sighted view

While by no means a big supporter of endowments, nor wishing to cross swords particularly with Philip Milton (Money Marketing, August 5), I do have a problem with a non-committal approach to financial planning (the “Why sign up for a 25-year product if…” argument). None of us knows where we will be short term, let […]


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