View more on these topics

Lexicon to advise on 2010 flotation plans

Positive Solutions has appointed corporate finance adviser Lexicon Partners to help with its stockmarket flotation which is planned for 2010.

A spokesman says the appointment is a “signal of intent” that it is serious about its target date to float the company.

Chief executive Jim Reeve stressed that any move toward flotation will depend on market conditions and company performance.

Lexicon Partners advises on public and private mergers and acquisitions, equity and debt capital raising. It advised on the flotation of Hargreaves Lansdown last year. It has assisted on more than 110 completed transactions with a total market value of over 35bn.

Reeve told partners that Positive Solutions is also exploring its options on wrap. He said: “Positive Solutions needs to be in that space.”

He said the firm is considering building its own wrap, although this is presently the “least favoured” option.

Reeve said: “We are at the start of the journey. In the next two months we will have done the work and identified the possibility of building our own one, hiring one or white-label-ling one. I just want to under-stand what are our options.”


Widows’ clients hit by glitch

Scottish Widows has apologised to 7,000 personal pension customers after mistakenly sending out letters telling them that their monthly contributions would be increasing.In one case, an adviser says his client got a letter saying his monthly pension contribution would be doubling from £150 to £300, although neither the client not the adviser had requested this.Widows […]

Syndicate acquires The Independent Financial Solutions Group

Syndicate Asset Management has announced the completion of the final terms of its acquisition of The Independent Financial Solutions Group.Syndicate will pay £4.2m for the Chelmsford-based pension and investment adviser business, comprising of £1.9m initial cash consideration paid on completion plus up to £0.2m for the net assets of IFS.In addition, up to a further […]

Phone service

The Scottish Building Society is on the hunt for unwanted mobile phones to help protect critically endangered mountain gorillas in the Democratic Republic of Congo.The society has teamed up with Fauna & Flora International, a UK-based charity which conserves threatened species and ecosystems worldwide, to encourage the recycling of mobile phones. For every reusable phone […]

IFAP hits out at fee forum

IFA Promotion chief executive David Elms has criticised the Forum for Fee-Based Advice, saying its service is being offered prematurely and risks misleading consumers.The forum provides a search engine facility for consumers to find advisers that charge fees and has grown to a total of 70 member firms since its formation in November last year.But […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm