View more on these topics

Aegon is poised to make final IFA deals as it scales back from

Aegon UK is set to buy the last of its majority stakes in IFA firms

in the next two weeks and then will close its search for new


This will be the fifth purchase for Aegon UK Distribution company,

which has scaled down its acquisition strategy from an original

target of 10 majority stakes set last September. It owns full or

majority stakes in Advisory & Brokerage, Momentum, Positive

Solutions and Wentworth Rose.

Aegon says its acquisition strategy is to take stakes in specialist

IFAs with expertise in areas such as technology, professional

connections, protection and employee benefits but it is missing an

IFA with an offshore specialism.

One insider tips IFA and asset management company London &

Capital as a front-runner to be Aegon&#39s next purchase.

Other possible targets include IFAs Park Row, Ashley Law and Towry

Law &#39s offshore section Towry Law International. A Towry spokesman

says it has no plans to sell any core areas of its business.

Aegon&#39s buying strategy has been a “three-pronged attack” based on

total acquisition, purchase of large and minority stakes.

Aegon head of public affairs Scott White says: “There are aspects of

the London & Capital business we would be interested in but our

strategy for outright purchase is centred on whole IFA entities as

well as niche-focused organisations.”


Alternative to an Isa

I am a 35-year-old bach-elor who has recently inherited just under£150,000. I am in a professional occupation and have recentlystarted to achieve my full earnings potential, which means that I nowhave surplus monthly income. I have used the inheritance to repay mymortgage and upgrade my car. This has left me with just under£20,000 in a […]

Smooth move would be rough

The regulator may be growing overly fond of revolutionary changecheered on by the Treasury.It may be planning to turn the way that insurers do business upsidedown by applying the Sandler with-profits model to conventionalwith-profits.Discussion paper 20 could see various restrictions applied towith-profits – particularly on investment – and, as a result, allinsurers would move to […]

Britannic targets PLS market

BRITANNIC RETIREMENT SOLUTIONS PURCHASED LIFE ANNUITY Type: Purchased life annuity Minimum investment: Lump sum £10,000 Minimum age: 50 Income frequency: Monthly, quarterly, half-yearly, annually Charges: Implicit Commission: Initial 2% Tel: 0845 3003321 The panel: John Blunt, Senior manager, Advisory & Brokerage Services, Alex Benson, Associate, JM Taylor & Associates, Brian Pack, Principal, Brian Pack Financial […]

Richard Craven

B ellowing down the telephone from Jamaica, Richard Craven managesthe difficult trick of being loud and deeply opinionated withoutbeing offensive.In the Caribbean to secure funding for Money Portal, the acquisitivedistribution company of which he is managing director, Craven iswaxing lyrical about his love of music and his passion for fishing –the other reason he is […]

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm