View more on these topics

Lincoln in £3.5bn deal with Goldman Sachs

Lincoln Financial Services is offering UK retail investors and its existing customers access to US banking giant Goldman Sachs&#39 investment expertise.

After selling off its entire salesforce late last year, the provider is trying to rebuild itself by focusing on IFAs and adding value to services its offers to existing clients.

The deal hands Goldman Sachs £3.5bn in funds under management which has been previously controlled by Lincoln.

The company says the only way for UK retail customers to get access to the expertise and brand name of Goldman Sachs is to invest in its funds.

Lincoln is planning to boost its presence in the IFA market by setting up a new advice centre that will actively work with the independent channel. It will also soon be launching a new corporate bond product aimed at IFAs.

Lincoln communications manager Ian Crowder says: “We act as the retail outlet for Goldman Sachs in the UK as they do not otherwise have a presence in the retail market here.”

Recommended

Scottish Life management appointments

Scottish Life has appointed two new members to its management team. David McKenzie is the new senior product marketing manager and is responsible for developing promotional literature and product support services for IFAs. McKenzie was formerly account manager in Prudential&#39s corporate pensions division after spending 10 years at Scottish Amicable. Paul Spriddle has been appointed […]

Profit modelling for pleasure

A major form of entertainment for actuaries in life offices is profit testing. The “beneficiaries” of this work may see it as a black art but the process is actually very straightforward. In essence, all it involves is a comparison of income and outgoings. If the former exc eeds the latter by a suitable margin […]

Clerical sets up offshore seminars

Clerical Medical is holding seminars aimed at hel ping IFAs exp lain the benefits of offshore investments. The seminars, starting on January 29, will explain how Clerical believes offshore products offer solutions to financial objectives of high-net-worth clients. The company believes these clients are likely to have diverse financial needs, inc luding estate planning, tax-efficiency, […]

Mortgage legislation is a cause for concern

The mortgage industry fears the Government is again brushing consumers&#39 concerns aside following its decision to go ahead with what many view as the ill-conceived idea of a seller&#39s pack, while dropping any plans for compulsory insurance regulation. The Queen&#39s Speech last month clearly indicated the way the Government intends to push through any opposition […]

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com