INPartnership

INPartnership refuse to facilitate bulk novation for companies looking at leaving them, they will also hold on to all income from the date you hand in your resignation (not from the daete your contract terminates) , for up to 4 years, and keep a quarter of the total for themselves.

Posted by: Brian Hill

Networks desperate to hang on to your renewals

Definitely read your contract BEFORE you sign it with a National IFA firm or Network. Some are so desperate to keep the renewals coming in they will stand in the way of advisers being able to continue their business elsewhere or to sell their practices on if they wish to retire. After all who would buy a practice that has to remain within the Network that the selling adviser happens to belong to? These practices add no value to the client experience (in fact quite the opposite) and the only reason networks continue this practice is greed or desperation. I suggest that anyone who is part of a National IFA or Network check their contracts now and if you are not happy ask that a new one be drawn up immediately. I see from recent press articles that pi financial ltd are so desperate to keep clients on their books even though they cannot possibly look after them all they had one adviser arrested for writing to tell their clients they had moved away.

Posted by: anon