View more on these topics

Premier reports outflows amid ‘challenging conditions’

Premier Asset Management has seen its assets under management slip to £6.7bn at the end of the second quarter amid a period of outflows.

AUM stood at £6.8bn for the same quarter a year previously, with outflows of £55m reported for the last three months.

Premier chief executive Mike O’Shea points to struggles across asset management amid dips in sales at the start of 2019.

He says: “The period has seen a continuation of challenging conditions for the investment industry, including record low industry retail net flows, and this has resulted in net outflows for Premier of £55m during the quarter. Our AUM ended the period at £6.7 billion.

Premier Asset Management valued at £140m in Aim listing

“Notwithstanding the challenging industry headwinds, we continue to believe that our focus on relevant products, good investment outcomes after charges and a strong distribution capability means our business remains well positioned for the future when sentiment improves.”


Interactive Investor completes Alliance Trust Savings buyout

Interactive Investor has completed its acquisition of Alliance Trust Savings from Alliance Trust plc for £40m. The merger, which was announced in October last year, will see ATS operate under the ownership of II, now the second largest investment platform for retail investors in the UK after Hargreaves Lansdown. The acquisition means combined assets under […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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