View more on these topics

Cowdery’s Resolution attracts £500m for acquisitions

Entreprenuer Clive Cowdery has reportedly secured over £500m from investors for his new consolidation vehicle.

Cowdery, who sold Resolution to Hugh Osmond for £5bn earlier in the year, has named his new vehicle Resolution and has been meeting with investors since announcing that the vehicle planned to raise between £500m and £1bn last month, according to the Financial Times.

The new Resolution is expected to make its debut on the London stock exchange next Wednesday with shares being pitched at 100p each.

Cowdery is rumoured to be considering a bid for Clerical Medical. The life office’s future as part of HBOS has been subject to speculation as details of the Lloyds TSB takeover unfolds. This is due to an overlap between the insurer and Lloyds’ own Scottish Widows brand.

The acquisition vehicle is also understood to be looking at Friends Provident.


Caught on the opt

I read something the other day about the auto-enrolment of 10 million employees into pension saving in 2012. You probably already know the plot of this future horror story by heart. Ten million employees who currently do not receive a pension contribution from their employer will be swept into voluntary pension saving by legislation. The pension saving will be voluntary in the sense that if they do not want to save in a pension, they will be allowed to opt out of auto-enrolment.

Plans need stress-testing

The FSA’s RDR reforms move too far and too fast and show the regulator is cut off from the reality of running a small or medium-sized business.

Sempra’s new clothes

My last couple of articles have looked at recent developments in HM Revenue & Customs’ attitude towards employee benefit trusts.

We need parity of clarity

It is no easy task to try to digest the 220 pages of last week’s retail distribution review announcement. I assure you that Aifa will be publishing more detailed analysis in the coming weeks but here is my starter for 10.

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm