IFAs Working With Bright

References are available from all the IFAs using our services, which will give you an overview of their experiences of Bright. Below is a summary of the business written with two of the IFAs who joined Bright in 2003. It includes detail of their involvement with Bright, together with a summary of the key pieces of business written.

Case Study 1

Based in the Midlands, this IFA, a sole trader, joined Bright in April 2003. The figures below are business written to the end of April 2005.

Renewal = £11,339.00
Initial = £46,472.00

Payment to IFA

Renewal x 70% = £7937.00
Initial x 20% = £9294.00

TOTAL = £17,231.00

By analysing the data and working with this IFA, we were able to identify a number of opportunities to write business that was of benefit to the client, the IFA and Bright.

These included:

• A paid up pension scheme where the sponsoring employer was insolvent


• Highly charged paid up pension plans


• Referrals to professional advisors


• Referrals to prospective clients


• Vesting pension policies

Case Study 2

Based in North Wales, this IFA limited by incorporation joined Bright in March 2003.

The figures below are business written to the end of April 2005.

Renewal = £82,691.00
Initial = £87,677.00

Payment to IFA

Renewal x 70% = £57,883.00
Initial x 20% = £17,535.00

TOTAL = £75,419.00

This IFA has a high net worth client base. Working closely with the IFA, we have developed relationships with his clients thus securing the renewal income stream for the IFA and Bright.

Business that we have written to date includes:

• Wind up of Scottish Mutual C.I.M.P.


• Vesting pension plans


• Drawdown plans


• Clustered Section 32 Buy-out Bond

If you wish to speak to the either of these IFAs please contact Ian Craddock on 01925 839180 or Contact Us