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Scottish Equitable asset management rebrands

Scottish Equitable Asset Management is re-branding as AEGON Asset Management. This is part of its drive to increase assets under management to over £50bn in the next three years from the current figure of £34bn. When Scottish Equitable Asset Management was formed two years ago it has assets under management of £20bn. The re-branding also aims to build AEGON Asset management&#39s name in the retail-fund market-place.

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F&C shares sold to Eureko for £414m

German bank Hypo Vere ins bank has sold its majority shareholding in UK fund manager Foreign & Colonial for £414m to European financial services group Eureko. The deal ends months of speculation after the Ger man bank announced its decision to seek a buyer last September. An F&C spokesman says it is business as usual […]

Inter-Alliance supermarket links with BT

National IFA Inter-Alliance is teaming up with British Telecom in a move which will provide BT website users with access to the IFA&#39s fund supermarket and advisers. The Isa and fund supermarket went live on the BTopenworld website this week following a stockmarket announcement. Inter-Alliance will have immediate access to BT&#39s 800,000 online customers and […]

Mortgage market is going to the dogs

What&#39s in store for the mortgage industry this year I wonder? I&#39m certain the FSA and the Treasury will find new and exciting ways to stick a spanner in the works but, hold on, they already have. The proposals to make lenders police the advice of intermediaries goes a long way to cement the reputation […]

Eureko to buy 90 per cent share in F&C

European insurance and financial group Eureko has agreed to acquire a 90 per cent share in Foreign & Colonial Management for £414m. Eureko has Euro £50.4bn under management through its subsidiary Eureko Global Asset Management. F&C and EGAM will integrate fully their global activities and become a unified asset management platform. The resulting entity will […]

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