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Bank of Australia plans Insight swoop, say reports

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.


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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

European fund sales on the rise

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 […]

Communication clash

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.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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