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Macquarie takes 20% stake in Paradigm Norton

Macquarie Bank Limited has taken a minority stake of just under 20 per cent in Paradigm Norton Financial Planning.

Paradigm Norton says the strategic partnership will provide it with the necessary capital to fund its future growth plans, and meet any new capital adequacy requirements.

Existing Paradigm Norton directors will retain full responsibility for ongoing management and strategy.

Paradigm Norton chief executive Barry Horner says: “In developing our growth strategy, we quickly realised the opportunity for us to find a partner that could not only provide additional investment capital but also had the relevant skills and experience in growing financial planning businesses that we could tap into.

“We think that this is a great opportunity for our business, our clients and our team and will support our future growth.”

Macquarie head of banking and financial services UK Jason Huddy says the firm remains “open minded” about further investments in fiancial planning firms.


Analysis: Political change in Japan

The elections to the Japanese lower house on August 30 are widely expected to bring about a substantial victory for the Democratic Party (DPJ). This would end the 50-year reign of the incumbent Liberal Democratic Party (LDP). However, there is less agreement on what this historic change in government will mean for the Japanese economy. […]

Long distance

For the past 20 years, the pension industry has been talking about rising longevity with an increasing air of panic. How it affects the funding calculations for defined-benefit schemes, the pensions of those saving in a defined-contribution scheme or how people will phase in retirement rather than select one date to collect the carriage clock.

Factoring would help advisers hold middle ground

Ex-Thinc Group chief executive Simon Chamberlain unveiled his new IFA consolidation vehicle last week with a rallying cry to advisers suggesting that they do not need to focus solely on high-net-worth clients to make adviser-charging work.

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


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