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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TPR suspends trustee after police launch fraud investigation
The Pensions Regulator has suspended a scheme trustee after detectives from an elite crime unit launched a fraud investigation over allegations about his role in a scam. Gordon Craig is the subject of an investigation by Titan, the North West regional organised crime unit, in connection with his role as a trustee of Optimum Retirement […]
FCA to review authorisation information causing confusion
The FCA will review information on its website about part of its authorisation process the Complaints Commissioner says is causing confusion. The information that will be reviewed relates to “minded to refuse” letters, which are sent to firms or individuals outlining the reasons why the regulator is considering refusing their application for authorisation. In the Complaints […]
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Ex-MAS boss recruited for British Steel member communication review
The former chief executive of the Money Advice Service will lead a review into British Steel Pension Scheme’s communication with members about the choice to stay in a workplace pension scheme or transfer out. Caroline Rookes, who left MAS in April, has been asked by The Pensions Regulator chief executive Lesley Titcomb to look into […]