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RJ Temple seeking backers

National IFA RJ Temple is seeking investors to buy a share in the firm to fund its business expansion plans after recent management and salesforce restructuring.

It has appointed KPMG to find suitable investors and plans to use the capital raised to expand its RIs by around 35 per cent from 220 to 300 by the end of 2003. It also hopes to complete a series of acquisitions and invest in back-office systems to boost efficiency and improve profitability.

Temple says the process of finding investors could take up to a year and it is willing to consider any investment strategies but discounts the possibility of a 100 per cent sale.

The move comes after a major sales and senior management shake-up under chairman and chief executive Geoffrey Morphitis who joined the company from Grant Thornton in 1999.

Morphitis says: “Our prime consideration is getting the best fit. There are a number of possible investors: product providers, banks and other financial institutions or someone outside the industry.

“It could be a single investor or a grouping. The level of investment depends on the partner but I cannot visualise a scenario where staff do not have an interest.”


Reflections on mirror

Royal & Sun Alliance Eurolife has introduced the RSAE Framlington health fund, a Sicav investing in healthcare, medical services and product companies, which mirrors the offshore Framlington international portfolios health fund.Asked how the fund fits into the market, Pack says: “It is entering a crowded market with the big boys of pan-Europe.”Hill says it is […]

Sarasin creates income portfolio

SARASIN SARASIN CI INCOME PORTFOLIO Type: Unit trust Aim: Income by investing in bonds, equities and cash Minimum investment: Lump sum £2,500, monthly £100 Place of registration: Guernsey Investment split: Bonds 70%, equities 20%, cash 10% Yield: 4.5-5% Isa link: No Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal subject to negotiation Tel: 020 […]

MLP director sacked

MLP has fired Dorian Simon, the divisional board member in charge of international activities.Simon is suspected of passing sensitive information to the media which prompted German investor magazine Bourse Online to accuse the company of creative accounting.MLP&#39s share price has fallen 84 per cent since the allegations in May. In June the public prosecutors office […]

Keydata Investment Services – Extra Income Plan

Tuesday, 10 September 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £7,000-no maximum Term: Five years Guarantee: Capital returned in full at end of term provided the index does not fall by more than 40%, or if the index does fall by more than 40% […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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