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Woolwich and Marsh & McLennan launch joint IFA venture

The Woolwich and Marsh & McLennan Companies have agreed to establish an IFA joint venture.

The joint venture will acquire the business of Sedgwick Financial Services, in a transaction which is conditional on approval by the PIA.

The new company Sedgwick Independent Financial Consultants, will have some 145 registered intermediaries and focus on advising clients gained through corporate and professional connections.

Woolwich group operations director Lynne Peacock says of the venture: “For The Woolwich it provides the opportunity to develop an IFA business that will be complementary to Woolwich Independent Financial Advisory Services, providing access to corporate and professional markets and greatly increasing our presence in the IFA sector.”


Government facing crisis over Pensions Bill

MPs have staging a second revolt against the Welfare Reform and Pensions bill, putting the stakeholder launch date in further jeopardy.The Government&#39s majority was slashed to 60 from 177 after MPs voted against a controversial cut in disability benefit, which is part of the bill.The bill returns to the House of Lords on Monday. Social […]

CIS announces 24 per cent jump in new business

CIS new life, pensions and unit trust business rose 24 per cent for the first nine months compared to the same period last year.And equivalent premium incomes increased to £226 million from £182 million last year. Since launch, CIS has opened more than 100,000 new Isa accounts and 70,000 regular payment trusts, and sales of […]

Jupiter launches ethical unit trust

Jupiter is launching an ethical unit trust investing primarily in UK equities.The Jupiter Environmental Opportunities Fund will invest in socially responsible UK companies who have demonstrated a commitment to the environment and the welfare of society.The fund is designed to complement the fund managers existing range of ethical funds.Jupiter say the fund has been developed […]

Bristol & West launches fixed rate bond range

Bristol & West has launched four fixed savings bonds, paying up to7.30 per cent over terms of between six months and three years.There are two Direct Savings Bonds over six months and one year operated by post and two Easy Life Bonds over two and three years available through Bristol & West branches.All feature a […]


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