Consolidator AFH has secured two acquisition deals in the last two days as it continues its takeover plans for adviser businesses. The two deals take the total number of acquisitions for the financial year so far to six for AFH. Yesterday, the consolidator announced it had purchased the client bank of South Yorkshire IFA Lifetime […]
A weekly account of the curious goings-on in the world of financial services, brought to you by the diary page at Money Marketing’s Wells Street offices
Aviva’s platform has reported a loss of more than £13m in 2017, according to results filed to Companies House. While the loss is an improvement from the £18.7m reported in 2016 on the back of higher revenue from increased assets under administration, the results come amid a glitch-ridden technology upgrade for the platform. Revenue in 2017 […]
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 […]
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.
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