adviser firms

Healthnet Services Limited has completed the purchase of private medical insurance (PMI) intermediary Healthtrust Limited.

Private medical insurance (PMI) adviser-consolidator Chase Templeton has completed its second acquisition within a week with the purchase of Glasgow intermediary Chartered Life.

Adviser numbers are down and firms' profits after tax, despite a temporary recovery last year, are lower than the two previous years, according to research from the Association of Professional Financial Advisers (APFA).

Chase Templeton has bought Ealing-based SJS Healthcare Associates.in a deal, adding £2m in annual premium income to the intermediary's books.

Industry campaigners have welcomed confirmation the Financial Conduct Authority (FCA) will consult on the re-introduction of a 15-year time limit on complaints against advisers reaching the Financial Ombudsman Service (FOS).

Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.

Paradigm Protect, the newly launched protection proposition for advisory firms, has announced it is to use social media for a debate on the protection marketplace.

Providers purchasing tables at awards ceremonies and inviting advisers to sit on them will likely not be in breach of the Financial Conduct Authority's (FCA's) requirements on inducements, it has confirmed.

Private medical insurance (PMI) adviser-consolidator Chase Templeton has completed the first in a new series of acquisitions with the purchase of Health Assist Ltd.

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.