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Intrinsic bids for Tenet as Aviva eyes mortgage arm

Old Mutual Wealth-owned network Intrinsic has made a “non-binding” offer for Tenet as part of a possible break-up of the business, Money Marketing understands. It is believed Aviva – which already owns a 47 per cent stake in Tenet – has also tabled a bid specifically focused on TenetLime, the network’s mortgage and protection business. The […]

Platforum head of intermediary research Miranda Seath

Platform focus: Praemium has ambitious plans for UK growth

This week’s profile takes a look at Praemium, the Australian platform provider that saw 136 per cent revenue growth in its UK business in the second half of 2015. Praemium launched in the UK in 2008 but subsequent assets under administration growth has been modest. It tells us, however, it has ambitious plans to grow […]

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Advice complaints plummet in second half of 2015

Complaints against advice firms plummeted in the second half of 2015, the latest Financial Ombudsman Service data reveals. The FOS recorded 4,136 complaints about life and pensions advice between 1 July and 31 December 2015, down 12 per cent from 4,680 in the first half of the year. Similarly, investment advice complaints fell 22 per […]

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