Austrian TEP provider links with UK IFAs

From January 2010, AVD UK will start a distribution partnership with providers and intermediaries including AJ Bell, Moore Stephens and SimplyBiz. Joint managing directors Richard Cook and Richard Simmonds will head up the UK operations. Both were founding members of mortgage broker LSA Group International. Simmonds says a UK launch makes sense due to the current low interest rates. "Our objective is to provide both individuals and institutions with the opportunity of investing in a robust and competitively performing asset that can be purchased at a discount to its asset share val...