Nicole Blackmore

Reporter

Mattioli Woods to buy Atkinson Bolton for £6m

Mattioli Woods is acquiring Atkinson Bolton Consulting in a deal worth up to £6m. The specialist pensions consultancy and wealth management business has agreed to buy holding company Thoroughbred Wealth Management and Atkinson Bolton Consulting from shareholders. ABC has won a number of Money Marketing awards in recent years, including IFA of the year for 2012. Mattioli […]

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FCA fines RBS £5.6m

The Financial Conduct Authority has fined Royal Bank of Scotland £5.6m for incorrectly reporting transactions it made in wholesale markets, and in some instances failing to report transactions at all.  RBS failed to properly report 44.8 million transactions between November 2007 and February 2013 and failed altogether to report 804,000 transactions between November 2007 and […]

Perspective looks to raise £28m through IPO

Perspective Financial Group has announced plans to float on the Alternative Investment Market in a bid to raise £28m. Perspective says admission to Aim will enable it to accelerate its core acquisition strategy and rebalance its capital structure. Proceeds will principally be used to partially repay existing bank debt and corporate bond holders and to […]

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I’ll be your mirror

The past few days have encouraged a reflective approach to the investment world. I have been trying to put present uncertainty into some kind of an historical context, encouraged by a series of events that have prompted a backward glance. It is often useful to consider what has gone before, to see if there are […]

Unbiased.co.uk reports 9% uplift in consumer advice searches

Unbiased.co.uk has reported strong consumer demand for whole of market advice in the first four months of the year, with a 9 per cent increase in consumer searches for advice. Website traffic to unbiased.co.uk increased 12 per cent year-on-year with consumers most interested in advice on pensions, investments and tax planning. The website, which lists details […]

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Martin Wheatley: FCA is a ‘very different animal’

Financial Conduct Authority chief executive Martin Wheatley will today promise the new regulator is a “very different animal” to the FSA. In a speech at the Association of British Insurers’ biennial conference, Wheatley will admit he understands why the industry doubted the regulator would genuinely change. He will say: “One of the questions I was […]

Perspective looks to raise £28m through IPO

Perspective Financial Group has announced plans to float on the Alternative Investment Market in a bid to raise £28m. Perspective was established in April 2008 and provides whole of market financial advice to approximately 84,000 private clients and around 500 corporate pension clients. It currently has over £2.5bn of assets under management. The firm says […]

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Sammedia buys 49% stake in tech firm Suitable Strategies

Sammedia has bought a 49 per cent stake in former Skandia head of strategy Neil Bage’s start-up technology firm Suitable Strategies for an undisclosed sum. Suitable Strategies and Sammedia have built Consumer 3D, a research-based technology solution that profiles consumers based on their financial capability. The tool identifies a customer’s understanding of financial services language, concepts and […]

L&G buys closed book annuity provider for £151m

Legal & General has agreed a £151m deal to acquire closed UK annuity buyout company Lucida. The acquisition, by L&G’s subsidiary Legal & General Assurance Society, is expected to complete in the third quarter subject to regulatory approval. Lucida, which closed to new business in November, has £1.4bn of annuity assets and over 31,000 pensions […]

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Concern as network fails to secure PI

Kent-based network Virtual Net Europe has been unable to secure professional indemnity insurance, raising concerns about its future. A senior spokesman at the firm has confirmed the network has been unable to secure PII and says members have been alerted to the problems. He says the firm is in talks with the Financial Conduct Authority.  […]

L&G buys closed book annuity provider for £151m

Legal & General has agreed a £151m deal to acquire closed UK annuity buy-out company Lucida. The acquisition, by L&G’s subsidiary Legal & General Assurance Society, is expected to complete in the third quarter subject to regulatory approval. Lucida, which closed to new business in November, has £1.4bn of annuity assets and over 31,000 pensions […]