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Insight buys Rothschild Asset Management

HBOS subsidiary Insight Investment has bought Rothschild Asset Management for £61m.

The deal, which prices RAM at just less than 1 per cent of its assets under management, does not include the retail and institutional Japan and Singapore funds, which will stay with the Rothschild group.

Rothschild has sold the business, which has £10bn of assets under management, to concentrate on international private banking and wealth management.

RAM chairman Baron Eric de Rothschild says; “This is a good deal for all parties concerned and we feel our client base will be well served.”


Legal & General – Global 100 Index Trust

Monday, 2 December 2002 Type: Unit trust Aim: Growth by tracking the global 100 index Minimum investment: Lump sum £500, monthly £25 Investment split: 100% tracking the global 100 index Isa link: Yes Pep transfers: Yes Charges: Annual 1% Commission: Lump sum initial 1% or 0.25% renewal, monthly 0.75% Tel: 020 7528 6773

AMP axes Pearl DSF and plans retirement multi-tie

AMP is to slash 1,900 jobs at Pearl in a radical overhaul of distribution at its troubled UK operations.It is axing the 1,000-strong Pearl direct salesforce, with the rest of the job losses to come from admin staff. AMP expects to save £160m next year from the move.The firm will create a stand-alone salesforce of […]

ScotProv mortgage manager wins case at tribunal

An employment tribunal has found Abbey National guilty of acting unfairly to a Scottish Provident consultant in the way it integrated ScotProv&#39s sales team into Scottish Mutual.A string of other claims against Abbey are under way with six more long-serving ScotProv consultants claiming their incomes were slashed when all their best IFAs were taken off […]

Implementation of the Sandler proposals

The Government has welcomed the analysis and proposals made in the Sandler report. The Sandler review made six major recommendations, addressed at the Government and the FSA, all of which are being taken forward in various ways: a series of safer and easier to understand &#39stakeholder&#39 investment products with capped charges, prudential restrictions on investment […]


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