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Axa and Aberdeen eye Framlington

Axa and Aberdeen Asset management are rumoured to be interested in Framlington, the fund management business controlled by HSBC. HSBC decided to sell Framlington for up to 250m last year, hoping initially for a management buyout deal led by Framlington chief executive Peter Chambers. The deal collapsed in March.

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Royal Bank of Scotland is holding a swanky dinner for the glitterati of the national personal finance press and, like all good hosts, has been checking whether its guests have any special dietary requirements. Among the common requests for vegetarian food was a more esoteric instruction from the BBC’s Andrew Verity. “No beetroot,” his reply […]

Vertex acquires Marlborough Stirling

Vertex has completed the 95.3m acquisition of Marlborough Stirling, owner of The Exchange. Andy Hunt has been appointed managing director of Marlborough Stirling, replacing the old chief executive Mike OLeary who has left the company. The Exchange managing director David Child will report directly to Hunt.

It’s about time we gave the CAB project a break

I am usually calm and collected enough to read criticism, smile and get on with life but when the criticism is unfounded and based on a quarter of a story it pushes me far enough to feel the need to reply – I am referring to Alan Swaysland’s letter in Money Marketing, May 5.

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]

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