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N1 sells trail book

Finance broker and property services company N1 Holdings is funding growth in the business by selling its book of trail commissions. The company announced that Giant Finance Group will pay $2.2 million for the book, representing around two times the value of trail commissions received by N1 Holdings in 2017/18. The company said there would be no change to upfront commissions or to trails on future business. N1 Holdings is affiliated with aggregator Finsure.

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