View more on these topics

Premier set for specialist sector

Premier chief executive Mike O’Shea says the company will be aiming at the specialist sector after gaining approval for its management buyout last week.

O’Shea believes that for Premier – and the market in general – the specialist market is still in its infancy with a number of untapped opportunities to take advantage of.

He says: “We have the likes of Alex Ross and Rupert Morrell who both run property and European growth portfolios respectively. We will be on the lookout for managers in order to extend that, if possible. What the MBO means is that we have the equity structure and environment to appeal to more managers of the highest quality.”

Bolstering the specialist sector is only one part of the firm’s initial plans, with O’Shea also pointing to third-party distribution and the private client sector as two other areas where the firm will look to build its presence. He says: “If we can work on all these things, it will bring Premier to the next level in terms of what we bring to advisers which is top fund managers backed up by high-quality service.”

Chelsea Financial Services managing director Darius McDermott says: “If they can get the right fund at the right time then any specialist fund can be a very welcome addition given the unknown potential on the upside.”


Towergate gains Chartered status

Towergate has become the largest independent broker to gain Chartered status and has become a flagship partner of the Chartered Insurance Institute.

Platform cuts LTVs and raises rates

Platform has become the latest lender to tighten its lending criteria and increase rates across its non-conforming range by 1 per cent.It is lowering its maximum loan to value from 95 per cent to 90 per cent.This follows similar moves by both GMAC-RFC and Mortgages plc.Platform has reduced its first-time buyer maximum LTV from 95 […]

Experts who helped draft RDR plans warn of perils

The FSA has come under attack from leading retail distribution review committee members, with True Potential’s David Harrison warning that it endangers the IFA channel when consumers need hundreds of thousands of new advisers.Two committee chairmen, Royal London chief executive Mike Yardley and Thinc Group’s Roderic Rennison, have warned that more incentives must be offered […]

Quest for quality

Unity is needed to produce qualifications that are recognised industrywide

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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 thought leadership.

    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