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Franklin Templeton completes Rensburg acquisition

Franklin Templeton Global Investors has completed the acquisition of Rensburg Fund Management, a subsidiary of Investec.

Initially announced in November, the purchase was closed in an all cash transaction for £45m yesterday.

Jamie Hammond, the managing director, Europe, of Franklin Templeton, says expects the new partnership to strengthen the group’s position in the UK market.

The Templeton UK equity fund, which was previously mentioned as a merger candidate, runs as usual for the time being. A spokesperson says the group is currently going through the integration process and will be assessing what makes sense from a products’ perspective over the next six months.

There is no update on who will be filling the role of head of UK distribution.


Commercial finance broker trade body appoints new chairman

The National Association of Commercial Finance Brokers has appointed Kevin Jones as its new chairman for 2011 and 2012. Jones has been a director of the association since 2005 and has been deputy chairman since 2009. He is also managing director of Omega Commercial Solutions. He says: “Our main focus this year includes training and […]

We need to talk about risk

Consumer attitudes towards investment risk are very different to those of investment professionals. Lucian Camp, principal of Lucian Camp Consulting, looks at how the gap can be closed

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]


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