View more on these topics

Tilney looks for more acquisitions after MBO backed by Bridgepoint

Tilney chief executive David Campbell is leading a management buyout of the specialist fund manager.

Campbell and Tilney’s management team have struck a deal with private-equity firm Bridgepoint to acquire the business which has 5bn in assets under management, for an undisclosed sum. The split of equity is also undisclosed.

Tilney marketing director Ian Beestin says Bridegpoint is committed to the firm for the medium term but, as a private equity house, will eventually seek an exit. In the meantime, it will back Tilney’s acquisition plans which has seen it buy five business firms, including property manager Cardales and fund of hedge funds boutique, in the past three years.

Beestin says the recent acquisitions were to build scale and diversify the business and this dual strategy is likely to be continued.

Tilney is now the UK’s fourth-biggsest independent provider of wealth management services.

Beestin says: “Tilney has 5bn in assets under management, so it is obviously a sizeable deal and we will continue to pursue both an organic and acquisitive growth strategy.”


Cooking up a stink

Cookery and gardening writers are more highly valued by their pub-lishers than personal finance writers, according to research by Stupidio. It claims personal finance journalists sel-dom use their own knowledge, whereas cookery or travel writers relay their gut feelings. Shame on Stupidio – you don’t think we feel the same experience of, say, driving a […]

UCB Home Loans appoints Keith Astill as md

UCB Home Loans has appointed Keith Astill as its managing director.Astill will take up his new post at the specialist lending subsidiary of the Nationwide Building Society on April 4. He will be replacing Charles Reed, who has been appointed divisional director, customer service & communications, at Nationwides head office in Swindon.Having held a variety […]

Skipton Guernsey offers new tiered interest fixed rate bond

Skipton Guernsey Limited is offering a tiered interest fixed rate bond that it believes will give investors a competitive choice.The tiered interest fixed rate one-year bond is offering customers 4.90 per cent gross on balances from 15,000 to 49,999, 4.95 per cent gross on 50,000 to 499,999 and 5 per cent gross on balances from […]

FSA will choose costlier and more confusing route

Reading about Nick Bamford’s ire over the way in which Barclays are representing the financial services they can provide to their customers, I feel entitled to point out that this is exactly what I predicted several months ago whenDavid Severn was spouting on about how great depolarisation was going to be for the industry and its consumers (we knew it was baloney then and now we know it even more).


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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 advice.

    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