Lighthouse lined up for Park Row IFAs if 2plan talks crumble

IFAonline understands the Aim-listed company was second only to 2plan during initial discussions with Park Row's parent company Royal Liver, which is seeking to offload the loss-making business. The FSA is in the process of assessing the merits of a bulk transfer of up to 242 advisers from Park Row to 2plan Wealth Management in a deal worth a possible £1m. Initial discussions with the regulator were described as "very positive" but a decision is not expected for at least another week. If agreed, 2plan will pay up to £5,000 per Park Row adviser but the amounts will depend on each advi...