IFA consolidation vehicle Perspective Financial Group has acquired its sixth firm, Rutherford Wilkinson, which has 16 advisers and 150m of funds under advice. It will continue to trade under its current name with the existing management structure.
Aegon Scottish Equitable chief executive Otto Thoresen is warning that the timetable for implementing the retail distribution review reforms is too tight and could drive good advisers out of the industry.
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
Two Standard Life Aberdeen bosses will join the board of Phoenix Group once its acquisition of Standard Life’s UK and European insurance businesses completes. Pensions and savings business chief executive Barry O’Dwyer and global distribution head Campbell Fleming will join Phoenix’s board. Standard Life Aberdeen announced in February it was selling its insurance arm to Phoenix […]