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Scottish Widows mandate worth £109bn set to go to Schroders

Schroders is set to take control of a contested £109bn investment mandate after Scottish Widows parent Lloyds pushed Standard Life Aberdeen off the funds, according to reports. Schroders has offered Lloyds the chance to take some form of stake in its discretionary wealth arm Cazenove Capital as a sweetener to the deal Financial Times reports. Apparent […]

economical investment

Consolidator gears up for more acquisitions as loss reduces

Consolidator Succession reduced its loss in 2017 and says it is in discussions with around 20 firms over potential acquisitions. Succession Holdings, which is the parent company of the wealth management and platform businesses, increased turnover at its advice business by 71 per cent last year, growing from £26.4m in 2016 to £45.3m in 2017. Total […]

SJP directors increase stake in company

Two directors at St James’s Place have increased the shares they own in the company. SJP investments managing director David Lamb and partnership managing director Ian Gascoigne have both bought £8,996 worth of the company’s shares, according to a London Stock Exchange notice. Lamb and Gascoigne bought 993 ordinary shares of 15p each at a price of […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

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