Ignis Asset Management head of marketing Rob Page is leaving the firm to join former Liontrust colleagues Jeremy Lang and William Pattisson at Ardevora Asset Management. Page, who joined Ignis early last year, will be a partner at the firm, which launched in January 2010. Deputy head of marketing James Senior will step into Page’s […]
Zurich UK Life has announced Openwork as the first distribution partner of its retail savings platform. The platform will be available through Openwork’s single-tie, multi-tie and IFA businesses towards the end of the year. As part of the deal, Zurich UK Life will continue to be the exclusive platform supplier to the Openwork single-tie offering […]
Aberdeen Asset Management’s multi-manager team is rebranding its £7.9m multi-asset growth fund and is giving it a stronger total return mandate. The fund will be renamed diversified alpha and the team will be changing more than half of the 26 underlying funds. Aberdeen is also reducing the annual management charge from 1.5 to 1.25 per […]
Isa sales are on the rise after a slow start to the Isa season and equity income funds remain the most popular choice for investors. There have been concerns that the earthquake and tsunami in Japan and the political upheaval in Libya and the Middle East along with a lack of fund launches during the […]
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
The Private Office, a Leeds-based financial advice and wealth management group, has bought the London wealth management division of SRLV Accountants, SRLV Financial LLP. The cash purchase of the Mayfair advisers includes six staff including two qualified advisers. SRLV Financial provides independent wealth management advice to SRLV Accountants’ personal and corporate clients that mainly work […]
Pensions provider Just has raised an additional £375m in capital through a bond issue and equity placing. The bonds, which are issued by listed holding company Just Group plc, have a first call date in April 2024. They have an annual interest rate of 9.375 per cent, payable semi-annually in arrears, and meet the requirements […]
James Hay parent IFG Group has reached a sale agreement with private equity firm Epiris that will see the firm valued at £206m. IFG, which also owns national advice business Saunderson House, will sell its entire share capital to Epiris. IFG shareholders will each be entitled to £1.93 in cash per share – a 46 […]