Liberty International Holdings is buying the rest of the shares of Portfolio Fund Management and injecting £5m to expand the business. It is buying the remaining 30 per cent after taking a 70 per cent stake in January last year. Liberty says Portfolio's funds under management have grown more than fourfold from £20m to £90m since it took its stake.
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Aegon toast to the future
Aegon chairman of the executive board Kees Storm is noted for being a frank speaker. But even Storm is cagey over acquisitions. As Europe's insurers scramble to seal deals and analysts predict just five major players will emerge over the next few year, Aegon has been tipped as a predator. In the space of two […]
Statistically speaking
I recently read in the press some of the statistics published in the Office of National Statistics' annual report. There was much contained in the report of direct and indirect relevance to those marketing and advising on financial services products. Everyone accepts that we are in a time of significant and continuing demographic and cultural […]
The issue over the closure of Fimbra
A news article noted the Fimbra AGM and that Brian Cochrane and others had called for a poll (Money Marketing, December 18) but without giving any indication of the issues at stake. As such, I feel that you did most IFAs a disservice. It is now over three years since the PIA was established and […]
ScotEq extends its range
Scottish Equitable is extending its pension range with four new funds. Three funds are aimed at investors seeking an above-average level of risk while the fourth, UK equity income, is aimed at medium-risk investors. The European smaller companies fund is aimed at achieving first-quartile performance over a rolling three-year period. European Tactical invests in all […]
Mid Wynd International Investment Trust: Cautiously cheerful
Manager Simon Edelsten sold China at the right time, so has cash to spend on opportunities created by the turmoil. To watch the video click here
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2018 in review: The year in pensions
New DB transfer rules, Sipp legal cases and CDCs are the big pensions news this year says Michael Klimes
Phil Wickenden: Make 2019 all about client experience
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
Trade bodies urge trustees to hold investment consultants to account on ESG issues
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]
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