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Consolidator secures £25m in private equity funding

IFA consolidator Fairstone Group has been boosted with a £25m capital injection by private equity backer Synova Capital. The deal makes Synova the lead investor in Fairstone, previously known as Moneygate, with further cash also likely to be made available to the advice firm in future. Committed Capital and Northstar Ventures have also retained stakes […]

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7IM poaches Nutmeg’s Bungey for COO role

Seven Investment Management has appointed Nutmeg’s Phillip Bungey as its chief operating officer. He replaces Hazel Paton who is retiring from 7IM after nine years. Bungey had been COO at Nutmeg since 2014. He has previously been the founder of platform Winterflood Securities and held senior management and director roles at the likes of Barclays, UBS […]

Help to buy – ISAs and LISAs

Melanie Tynan – Financial Capability Project Manager   House prices continue to rise in many parts of the UK with cities like Manchester recording increases of 6.6% and higher in the last year, according to the latest Hometrack house price index*. This can make it seem harder than ever for first-time buyers to get a foot […]

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