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JLT agrees £17m deal for Alexander Forbes’ employee benefits business

Jardine Lloyd Thompson has bought Alexander Forbes’ employee benefits business, Alexander Forbes Consultants & Actuaries, for £17m.

The deal, which is subject to regulatory approval, will see AFCA become part of JLT’s employee benefits division.

Alexander Forbes chief executive Edward Kieswetter says: “The disposal brings together complementary organisations committed to ongoing positive and impactful client service.

“JLT will gain access to AFCA’s proven expertise and loyal customer base, who in turn stand to benefit from the increased scale of the combined business.”



Richard Hobbs: Stage is set for conduct regulation rethink

Anyone reading the rhetorical flourishes around the setting up of the Financial Conduct Authority could be forgiven for thinking that Ghengis Khan and the heathen hordes were about to sweep out of Asia and lay waste to the financial services industry, anticipating misselling and closing firms down just in case. While there is little doubt […]

FSA action likely as firms circumvent RDR rules

The FSA has sent a Dear CEO letter to 24 providers and advisers warning against payments which “work around” the commission ban under the RDR and adds it is likely to take enforcement action. The regulator says its supervisory work has alerted it to “moves in the market which could undermine” adviser charging and unfairly […]

FSA delays approved persons regime for mortgage brokers

The FSA has further delayed plans to extend its approved persons regime to mortgage brokers and bank staff who arrange mortgages as it undertakes “essential” IT upgrades. The regulator published a consultation paper yesterday outlining the approach of the Financial Conduct Authority and the Prudential Regulation Authority to approved persons. It says the introduction of […]


Alliance Trust Savings launches new pricing model

Alliance Trust Savings is launching a new flat-fee pricing model on its platform to run alongside its current unbundled structure. The new model will launch this month with annual charges ranging from £100 for a stocks and shares Isa and £250 for a Sipp with all switching and dealing charges removed. The new flat fee […]


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