Premier Asset Management has this morning announced an initial public offering to raise £63.7m via Aim. The listing values the Guildford-headquartered firm at £139.7m, slightly lower than £150m to £200m price tag expected when the IPO was reported last month. In the listing, existing shareholders will retain 54.4 per cent of the company. This includes Queripel Partners, which will hold […]
Sesame Bankhall Group’s highest paid director was paid £508,000 last year, the network’s 2015 accounts show. The network, which closed to investment advisers last March after being fined for compliance failings and “pay to play” deals with providers, has also seen its losses for the year increase from £7.9m to £11.6m. The highest paid director […]
Axa has stopped selling its capital guarantee products in the UK, citing regulation around unit-linked investments as one of the reasons behind the move. Axa confirmed it would pull its Secure Advantage and Secure Advantage+ products in email to advisers yesterday. Existing policy holders will get to keep their guarantees. For new business where an illustration has already been run, […]
Transact has further cut its charges and reduced the threshold for the level of assets that incur a 0.5 per cent charge. By April, the investment platform will lower its charging threshold for clients being charged 0.5 per cent to £120,000 from £150,000. This was already reduced from £180,000 to £150,000 at the end of 2015. […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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