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Paradigm set to make Honister bid

Paradigm Partners founder Paul Hogarth is preparing to launch a bid for Honister Capital, Money Marketing understands.

It could see Paradigm take control of Honister Partners, Burns Anderson and Sage Financial Services, which have a total of 1,600 advisers between them, and direct-to-consumer business Willis Owen. Paradigm has around 370 advisers.

Honister and Paradigm refuse to confirm the talks.

A Honister spokesman says: “During the run-up to the RDR, it is not surprising that rumour and speculation regarding merger and acquisition activity is increasing. We are focusing on our strategy, not market rumour.”

In the six months to March 31, 2011, Honister’s advisory businesses lost £700,000 while Willis Owen made a £1.18m profit.



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Rebalancing sways in Britain’s favour

November’s rebalancing of the FE AFI balanced index shows panellists have been allocating more money to the UK over the past year while weightings to international regions continued to shrink. Allocations to the UK decreased from November 2009 to November 2010 but since then they have increased from 42 per cent to 45 per cent, […]


Poor wording blamed for VAT contradictions

Consultancy firm Engage Partnership says concerns that HM Revenue & Customs’ latest VAT guidance is contradictory are the result of poor wording rather than a change of position. Last week, Money Marketing revealed the FSA is concerned that HMRC’s guidance, circulated to industry stakeholders last month, is contradictory. The guidance states investment management or portfolio […]

L&G bond taps into growing market for cautious investing

Legal & General has launched an RPI-linked savings bond as it seeks to capitalise on investor caution over persistently high inflation rates. The five-year fixed-term structured deposit bond guarantees a minimum return of 17.5 per cent at maturity or 100 per cent of RPI growth, whichever is higher.Minimum investment is £500. Commission is 2.5 per […]


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