Company news

Platform tech firm boosts European footprint

The technology provider behind the Old Mutual Wealth and Aviva platforms has expanded its presence in Europe by buying a German platform. FNZ, which also sits behind the Standard Life Wrap, Elevate and Zurich platforms, has bought platform Ebase from Comdirect Bank. According to Platforum, Ebase is the fourth largest platform for advisers in Germany. […]

Old Mutual Wealth buys accountancy firm’s advice arm

Old Mutual Wealth Private Client Advisers has acquired the advice arm of Carlisle-based accountancy business Saint & Co, adding £100m assets under advice. Saint & Co partner and adviser Philip Dhillon, adviser Trevor Iredale and a support team will join OMW Private Client Advisers’ Cumbria regional hub. Old Mutual Wealth Private Client Advisers director Dominic […]

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Second British Steel IFA goes into liquidation

A second advice firm involved in the British Steel saga has gone into liquidation, according to an insolvency notice published by The Gazette. An update published on The Gazette’s website shows Retirement & Pension Planning Services, based in Barnsley, appointed liquidators on 25 June. It says this is a solvent liquidation and all known creditors […]

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Co-op Bank hires former Lloyds boss as CEO

The Co-operative Bank has brought in the former commercial banking head at Lloyds Banking Group to be its chief executive following several years of turmoil. Andrew Bester is to replace Liam Coleman, who has spent a year and a half in the job. According to The Times, the appointment is the fifth change at the […]

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OMGI reveals new name

Old Mutual Global Investors will be renamed Merian Global Investors from the autumn. The name change follows the completion of the sale of the single-strategy business to TA Associates last week. The exact date of the renaming is yet to be confirmed with OMGI going by its current name until then. OMGI chief executive Richard […]

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Nucleus poaches Standard Life customer services head

Nucleus has brought in Standard Life’s Valerie Rogerson as its client relations head. Rogerson was customer service strategy and proposition head at Standard Life. Her appointment follows confirmation Nucleus is to list on the Alternative Investment Market in a deal that could value it at around £150m. Dealings in the shares are expected to start on […]

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FSCS claims against Sipp firm triple in a month

Claims against collapsed Sipp provider Lifetime Sipp Company have increased more than three times in just over a month, data provided to Money Marketing shows. Money Marketing reported on Tuesday the Financial Services Compensation Scheme had received 19 claims against Lifetime Sipp at 30 May. The lifeboat fund says it has now received 70 claims as […]

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Tilney invests £15m in new platform

Tilney has invested more than £15m in its new platform as it eyes further acquisitions. The wealth management group released its 2017 results today, reporting a 68 per cent increase in revenue to £226.5m. Tilney chief executive Chris Woodhouse calls the platform, which is expected to be completed soon, a “strategically important project”. The results […]

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FSCS claims against Lifetime Sipp stack up

The Financial Services Compensation Scheme has received 19 claims against collapsed firm Lifetime Sipp Company as at 30 May, data provided to Money Marketing shows. The lifeboat fund opened claims against the Sipp provider in April and says 10 claims are in progress with nine applications underway. The FSCS adds it is not able to share any […]