EXTENDED: You've got another week to add your travel & holiday deals questions for expert MSE Oli as part of the latest Ask An Expert event.
Liverpool Victoria--What'sbehind this??
in Savings & investments
1 reply 680 views
Above is text of letter OH received today. I wonder why LV is hiving off its finacial advice function, that incidentally was originally provided by FRrzzells, to LightHouse Group. Does anyone know much of the new provider?
Independent and Whole of Market Financial Advice Services
1 am writing to inform you of important changes to the services that Liverpool Victoria will be offering you in the future.
As an existing customer of Liverpool Victoria Financial Advice Services Ltd you have previously received Independent or Whole of Market financial advice from us.
1 am pleased to tell you that Liverpool Victoria has made arrangements with LighthouseGroup, a leading National IFA, to provide it's existing and new -customers with independent financial advice from April 2007.
This service will be delivered through regionally based advisers in the LighthouseTemple division and will enable customers to benefit from a significantly enhanced national coverage and a broader range of financial advice services.
We anticipate that many of the existing Liverpool Victoria advisers will take up new positions with LighthouseTemple and this will help us ensure that we achieve a continuation of as many of the existing customer relationships as possible.
LighthouseTemple is a division of the LighthouseGroup, an AIM listed Independent Financial Services provider. LighthouseTemple's core business is the provision of independent financial advice for both personal and corporate clients, operating with over 150 regionally based advisers throughout the UK.
LighthouseTemple provides personalised advice and service of the highest quality to all of its clients. For more information about the LighthouseGroup and LighthouseTemple please visit their website at https://www.lighthousegoup.plc.uk or by calling their dedicated Client Services team free on 08000 85 85 90.
This discussion has been closed.
Latest MSE News and Guides
Energy Price Cap change
Martin Lewis on what it means for youMSE News
Best £1 you've ever spent?
Share your most impressive bargainsMSE Forum
New MSE Forum avatars available
Try 'em out nowMSE Forum
Its a pain for us IFAs because it means we get a load of tied agents with their salesforce bad habits working as IFAs but under the same style as they were as tied agents. Although many will not make the move as it will scare them when they realise the difference between tied agent and IFA.
I will stick to what I always say. Avoid the salesforces regardless of their status. Conrad made a very good post in the mortgage section earlier that said good quality advisers dont work for salesforces. You start out and learn the job that way but the good ones will go on to start their own firms or become partners/directors in established small local firms. The bad ones or the lower skilled ones get left behind.
That is the pattern (in general as there are always exceptions).