View more on these topics

MBO may be the way ahead for F&C

F&C Asset Management is not ruling out any sale options after Friends Provident set out its intention to offload its 53 per cent stake.

Friends has appointed two advisory firms, Lazards and Lexicon Partners, to help it sell the wealth management units of its business.

F&C chief executive Alain Grisay said the group has “excellent prospects as a standalone company” and it is investigating all opportunities.

A management buyout is thought to be a feasible option for F&C, particularly as the group does not expect to lose any of the 30 per cent of Friends’ assets it handles.

Hargreaves Lansdown head of research Mark Dampier says he has no concerns for the business. He says: “Friends is hardly going to wreck a firm with a good record like F&C. The group has a strong brand and it is not as if a new firm is going to come in and unsettle any of the big managers. For me, there are no big worries.”

Last week F&C revealed record returns for 2007, with gross new inflows of £703m into its Oeic range, a 37.3 per cent increase on 2006.


Govt slammed yet again for injustice to pension victims

Three Court of Appeal judges have today found the Government guilty of misleading 125,000 people about the safety of their pensions making it the sixth judgement against the Government in this matter. The Court of Appeal has confirmed the Judicial Review victory against the Government of 125,000 workers who lost their occupational pensions when their […]

Partnership with 20/20 vision

This month marks a significant milestone for two of the biggest personalities at Schroders as Robin Stoakley and Neil Bridge celebrate their 20th anniversary of working together.The pair met at Aetna Investment Management in 1988. Stoakley now heads Schroders’ UK retail sales and client service team while Bridge is head of UK sales for the […]

GMAC holds back on sub-prime

GMAC says it will not withdraw completely from the sub-prime mortgage sector despite only having a couple of products available.Money Marketing understands the firm has withdrawn its marketing allowance and will not have a budget for its non-conforming range until the securitisation market recovers but the company refuses to comment on this.In November last year, […]


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