Broker Network's Duggan: "it's been a massive change"


Amid the last batch of Towergate results which included a £15m client money misallocation and a profit fall the performance of its network division also warranted attention.

Income for this area has steadily declined over the past three years, from £20.8m for the 2010 full year down to £16.6m for 2012. This is a 20% drop over the period.

Furthermore, divisional income for the first three quarters of 2013 came in at £9.3m, 29% down on the £13.1m posted for the same nine months of 2012.


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