View more on these topics

Parmenion founder Richard Mein dies

Richard Mein

Parmenion founder Richard Mein has died aged 52 following a short battle with cancer.

Mein, who who is survived by a wife, son and daughter, started the Parmenion business in 2007 having previously worked at Rowan & Capital Management as head of operations.

He began his career in 1983 as a trainee with NatWest and then spent four years at Old Mill Group as an independent financial adviser beginning in 1985.

Parmenion executive chairman Rennie Miller says: “Richard’s fundamental belief was that financial services should be bought and not sold and he was mindful that the world over, people are looking for more modern and efficient means of buying products and services.

“Richard’s inspirational integrity and determination to ‘do the right thing’ means that in his memory, management will continue to take his vision forward.

“Parmenion will continue to flourish and provide a bespoke service without compromise within the larger Aberdeen group.”

Parmenion, which was acquired by Aberdeen Asset Management in September 2015, administers £2bn of assets on behalf of 900 advice firms and employs 100 staff.

Recommended

Tracey McDermott FCA 700x450.jpg
5

FCA hits back at Govt interference claims

The FCA has dismissed claims its independence from Government has been compromised and defends its approach to the scrapped review into banking culture. Both the regulator and Government have come under fire following the decision to close the inquiry into bank culture in favour of dealing with firms individually. But at a Treasury committee meeting […]

Prudential-Logo-700x450.jpg
3

Pru to pull back from annuities over Solvency II

Prudential UK is set to cut its appetite for UK annuities as tough Solvency II capital requirements slash margins. The Financial Times reports the insurer has found capital requirements for individual UK annuities under Solvency II are up to 50 per cent higher than before the regulation took force. Prudential wrote £1.7bn of bulk annuities in 2014, while […]

UK-Houses-Home-Mortgage-700x450.jpg
2

Self-cert mortgage lender opens for business

The return of controversial self-certification mortgages has been confirmed with launch of selfcert.co.uk today. The start-up, backed by private equity investors and based in the Czech Republic, launches with a tracker loan set at 2 per cent above base rate, the Sunday Times reports. Selfcert.co.uk will lend up to £500,000 at 85 per cent loan-to-value […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment