Old Mutual Wealth will spend £44m on advice businesses acquired in 2017, including £24m on its purchase of network Caerus. Old Mutual Plc published its 2017 annual report today, which shows the Caerus deal was made up of a £15m cash consideration, £3m deferred for two years, and £6m deferred for three years. The completion of […]
Pensions minister Guy Opperman says most of the staff who work for the three separate public guidance bodies as it stands will end up at the single financial guidance body once it is established. In a letter published yesterday, Opperman gives more details about how the single body will be created from merging the Pensions Advisory […]
Innovative firms have spurred on technology providers, driving them to bring out new solutions to speed up processes. The protection industry is not like other industries. We have complex products, generally sold via an advised process, using fragmented tools and distributed within a highly regulated framework. Growth in our market needs a combination of factors […]
Aviva’s UK adviser platform reported a 56 per cent increase in assets under management in 2017, however, that business was included in a loss-making division of the group. Overall, the Aviva group reported operating profit of £3.1bn in 2017, which was a 2 per cent increase on the previous year. The results statement breaks that […]
Senior Fund Manager, Martin Cholwill reflects on current conditions within the macro environment. He expects continued uncertainty in the UK economy and on the political horizon could provide a difficult backdrop, but remains positive that the stock market will grind higher. Read the article here Past performance is not a guide to future performance. The […]
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