Axa confirms acquisition talks with Thinc Destini

Axa UK has announced it is in advanced acquisition talks with Thinc Destini to pick up 100 per cent of the business.

The deal was first revealed by Money Marketing in early July.

Axa says this would strengthen its position in the provision of financial advice in the UK marketplace.

Thinc Destini currently has around 650 financial advisers and approximately £3bn of funds under advice.

Axa Sun Life chief executive Paul Evans says: “Our discussions with the board of Thinc Destini are at an advanced stage and I hope that we can progress quickly to an acquisition.

“We believe an acquisition of Thinc Destini would represent an exciting development both for Axa and Thinc Destini and would allow both companies to forge ahead with their ambitious growth plans.

“Our intention would be for Axa to run Thinc Destini as an independent advisory firm, separate from Axa’s product provider businesses. In doing so, we would strengthen our presence in the distribution of life, investment and pensions products in the UK.”


Melluish returns to Gartmore global equities

Simon Melluish is returning to Gartmore to take up a new role as product specialist – global equities. He joins on September 4, assuming responsibility for sales and marketing activity for Gartmore’s Sicav global focus fund and global focus fund Oeic. He will also manage the promotion of its long/short market neutral global hedge fund. […]

FSCS says it’s braced for BIA complaints

The Financial Services Compensation Scheme is bracing itself for a flood of comp- ensation claims after receiving almost 300 in less than a week since Berkeley Independent Advisers was declared in default. The FSCS says it is aware of at least 300 current or expected misselling complaints against the BIA network. It says around 250 […]

China in your hands

The best performing purely Chinese fund over the past year is Neptune China run by the brilliant Robin Geffen. To August 1, 2006, the fund rose by 25.3 per cent against an average of only 6.3 per cent in the Asia Pacific excluding Japan sector.

Product matters

Royal London invites investors to “enjoy the life of Riley” with its new Riley investment bond. Investors can choose between a FTSE 350 tracker fund and an active FTSE 350 fund managed by Schroders and then protect up to 110 per cent of their initial investment at a specified date in future. The product appears […]


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