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.
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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Discretionary fund manager Beaufort Investment has promoted internally to fill the position of chief investment officer and has also appointed a new funds research executive. Beaufort Investment is part of the vertically integrated Beaufort Financial group. Head of portfolio construction Shane Balkham has been appointed as CIO and investment analyst Emma Clarke has been named […]
New Leodis Wealth chief executive on supporting clients through the chaos caused by the UK’s exit from the EU The long and tortuous road to Brexit has taken us from a political soap opera to what many regard as a tragedy over the past two-and-a-half years. Whatever drama is yet to unfold, the message that […]
Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]
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