Commonwealth Bank of Australia is planning to make a bid for Insight Investment Management’s third-party funds business, according to a report in The Sunday Times.
The bank is one of a number of bidders with fund manager Schroders and private equity firm Hellman & Friedman also looking at the business, which is expected to fetch between £200m-£300m.
Insight launched seven years ago and currently has £116bn of assets under management. The firm was taken on by Lloyds as part of HBOS deal last year.
The National Association of Pension Funds has criticised proposed rules for auto-enrolment as “inflexible, bureaucratic and costly” and is calling for radical changes.
FSA staff being paid £20m in bonuses
The FSA bonus payments are paid on the basis of revenue inward, predominantly fines levied. On this basis, the FSA have done very well indeed, hence the payments. In every other respect, the FSA has failed miserably.
Mike Yeatman
Net sales of European funds hit 3 billion (2.6 billion) in April, up from 75m in March, according to Lipper FMI’s Fund Flash Report. However, the inflow is a fraction of the 16 billion of inflows in the same month last year. The figure was boosted by a net inflow of 3.6 billion into bond […]
Aifa director general Chris Cummings has hit out at IFA Promotion over the way it communicates with other trade bodies and the lack of an IFA response to the NatWest advice adverts.
Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]