Managing Director Mike Gosnell says: “After carefully considering a number of options we have come to the conclusion that, going forward, we do not have the necessary scale to obtain the best market terms for our members. Forward projections of our most optimistic growth plans do not suggest that we can realistically get the best deals for our people within an acceptable timescale. In addition, the cost implications of doing so are not acceptable.”
Lifelink have examined a number of options and have come to the conclusion that it is in the best interests of its members, to join a network that is able to provide better and improving business terms.
With this in mind, and after careful research and negotiation Lifelink’s members are being given the opportunity to accept a simple transfer to the soon to be merged Thinc Destini Group under an exclusive agreement.
Gosnell said “Thinc Destini is a dynamic and exciting financial services group with the resources and infrastructure in place to give its members top level support and access to some of the best deals in the market. We have been impressed with their service proposition and share a common desire to treat members as individuals and allow them to keep ownership of their customer base.”
The two firms have worked together to prepare the way so that a smooth and seamless transition from Lifelink to Thinc Destini can be achieved without any business interruption.
Lifelink’s members have responded very positively to the opportunity, so far around 90% of them have accepted the offer to join Thinc Destini.
Lifelink will concentrate on their service proposition to directly authorised firms and their niche mortgage packaging operation
Nick Boyle , Sales Director of the combined Group , said “We are delighted Lifelink has decided to join our business and see their decision as a clear vindication of our Multi Distribution Model . We look forward to giving these and our many other new members , access to our enhanced Product and Service proposition and helping them develop their Businesses within the Group. For Thinc Destini this is another step forward in our plan and brings our number of advisers to over the 700 mark “ Mr Boyle declined at this time to confirm or deny speculation on further similar acquisitions.