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JPMF looks for bids for FundsHub

JP Morgan Fleming is believed to be seeking buyers for distribution platform design company FundsHub two years after acquiring Investia&#39s majority stake in the business.

According to well-placed sources, JPMF, which bought FundsHub from Investia in February 2002, is looking to offload the firm after struggling to get it off the ground commercially in the UK and Europe. It is believed that JPMF was seeking additional funding for the firm several months ago but has now decided to sell it on.

Despite boasting what sources describe as a “great application”, FundsHub has not grown as expected since its early successes. It was put on the map after Charcol Online launched its fund supermarket in June 2001 with an infrastructure designed by FundsHub and in November that year it provided the technology and operations for Old Mutual&#39s multi-manager platform Selestia.


New Northern UK head for Cavanagh

Cavanagh Group is appointing Peter Young as sales manager of the company&#39s northern region. Young – who is a past Sofa award-winning adviser – joins Cavanagh from Momentum as it is absorbed into Aegon&#39s amalgamated IFA operation Origen. Young will be responsible for the Scottish and North of England areas and is briefed to expand […]

Lords look at gender directive

A sub-committee of the Lords European Union committee, is carrying out a short focused enquiry into the proposed gender directive from the EU on equal treatment between men and women in supply of goods and services. Social and consumer affairs sub committee G is looking at the implications of the directive for insurance, pensions and […]

Liontrust may close funds to new money

Liontrust is set to slam the door on new investment into its existing funds after admitting that rocketing inflows could seriously impede their performance within a matter of months. Chairman Ellen Winser told shareholders last week that the fast-rising boutique&#39s four investment processes can cope with £6bn before the chances of further outperformance are dramatically […]

Towry Law offers free Isa tax advice

Towry Law is offering a free factsheet to help people understand the new tax rules surrounding Isas and Peps. The guide, “Isas – Peps Tax Changes”, covers a range of issues to help clients understand Chancellor Gordon Brown&#39s changes to tax rules. It also contains a table of scenarios to help consumers identify their circumstances […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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