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Phoenix in ‘advanced talks’ to buy Abbey Life

Closed-book firm Phoenix has confirmed it is in “advanced discussions” with Deutsche Bank over acquiring Abbey Life. A London Stock Exchange notice says: “As stated at the time of the interim results on 25 August 2016, Phoenix continues to explore further acquisition opportunities in the UK closed life sector. “In this context, Phoenix is in […]

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FCA proposes standalone equity release qualification

The FCA is considering a standalone equity release qualification to give more customers access to the product, including through advisers. The suggestion is part of a consultation on exam standards, which closes on 13 December. The equity release qualification proposal follows discussions as part of the regulator’s work on competition in the mortgage market. The […]

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Hargreaves chief exec Ian Gorham to step down

Hargreaves Lansdown chief executive Ian Gorham is to step down from his role next year. Gorham, who has been at the helm of the firm for seven years, will be succeeded by group chief financial officer Chris Hill. Meanwhile, Hill will become deputy chief executive officer from 1 October ahead of taking the chief executive […]

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Talbot and Muir’s Claire Trott exits

Talbot and Muir head of pensions technical Claire Trott is leaving the Sipp and SSAS provider. Trott is leaving to join technical support services firm Technical Connection. Director of administration Paul Darvill is to take over as head of pensions technical with immediate effect, alongside heading up the administration unit. Talbot and Muir director Graham […]

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