2plan edges closer to profit as turnover soars 63%

The strong growth also means 2plan Wealth Management's external funding, supplied by 15% shareholders Standard Life, is being accessed at a slower pace than forecast. 2plan has so far taken up £900,000 less than planned. The IFA's actual turnover for H1 2010 reached £5.7m, up from £3.5m for the same period last year. This 63% growth follows three months of record business levels in excess of £1m, says the IFA. Turnover for the first three months of the year hit a record £2.49m, according to the firm, up from £1.61m for the same quarter in 2009. Chief executive Chris Smallwood sa...