New network launches

Until yesterday, Stonebridge operated a trading model allowing advisers to use its Financial Services Authority number and be added to its consumer credit licence.

Today, all 66 firms and 111 advisers have been transferred over from this model to the new network, where they will all work under their own respective FSA numbers.

Stonebridge was formerly a tied agent of Legal & General and since 1988 had grown to a firm of 76 business writers.