View more on these topics

Friends Ivory & Sime snaps up R&SA&#39s fund manager

Friends Ivory & Sime has announced its intention to purchase the UK fund management arm of Royal & Sun Alliance for £240m.

Under the terms of the contract, FIS will also manage R&SA&#39s life and general insurance funds exclusively for the next 10 years.

The deal will see FIS&#39s funds under management increase to £70bn from £34bn and its fund management team strengthen with the addition of R&SA&#39s managers.

FIS chief executive Howard Carter says: “This transaction is transformational for FIS in terms of scale, doubling our funds under management and, on that measure, propelling us into the top 10 active investment managers in the UK.”


FSA to widen trusts and Oeics scope

The FSA is proposing measures to expand the range of investments allowed in recognised unit trusts and Oeics. Fund managers claim the move will let them compete on a more even keel with their European rivals. CP135, New Collective Investment Scheme Products, proposes allowing fund managers to cap the number of units in funds marketed […]

Make tracks for the net

As we all know, it is the natural tendency for markets to overestimate both the upside and downside of any event. It is, therefore, reasonable to consider that the current malaise around the use of the internet as a method of attracting financial services business is an understandable recoil from the overexuberance of just a […]

The cutting hedge

I am an experienced investor. What can I invest in to get a real return on my money while markets remain unpredictable? What else do I need to know about? As you know, the main purpose of financial planning and investment is to create financial independence, when you own the properties in which you wish […]

Aifa slams defined payment system

Aifa is calling for a fundamental rethink of the FSA&#39s defined payment system proposals set out in CP121.The body has branded the defined payment system as impractical, bureaucratic and likely to lead to a significant reduction in the number of IFAs.Aifa is proposing a “menu” option where IFAs would inform clients up front about product […]


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