Standard Life agreed to sell the only stake it held in an IFA business because it wanted to put "clear blue water" between itself and independent advice models, distribution director Stephen Ingledew says.
SimplyBiz chairman Ken Davy has warned restricted advice will be "bad for the consumer and bad for professionalism".
SimplyBiz has appointed three directors to its main board to help support its expansion plans.
The Association of IFAs today paid tribute to "outstanding" council member Ian Thorneycroft, who died following a 15-month battle with cancer at the weekend.
Ian Thorneycroft, managing director of SimplyBiz, has died after a 15-month battle with cancer.
AIFA is reassuring members it has not given up the fight to ensure intermediaries do not foot the £58m compensation bill to cover the failure of investment ‘provider' Keydata, following veiled criticisms about its apparent inaction.
SimplyBiz has appointed Paul Savage and Sophie Metcalf to investment consultancy roles in recently launched Verbatim Asset Management.
Adviser support firm SimplyBiz has appointed two regional development managers to help run its new Verbatim Asset Management offering.
The Chartered Insurance Institute (CII) says it is prepared to work with Ken Davy's newly-formed Alternative Assessment Project Group, but only once the FSA has firmed up its evaluation criteria for getting to Level 4 standard.
Fortis Life UK has partnered up with SimplyBiz, giving the compliance specialists' members access to an extended range of protection products.