UBS is acquiring wealth manager Laing & Cruickshank from Crédit Lyonnais for around £160m. The wealth management service will approximately grow £5bn client assets and 75 advisers to UBS's present £5bn client assets and 100 advisers in its four-year-old UK business. Subject to regulatory approval the deal is scheduled to be finished in the second quarter of 2004.
Estate agency Jackson-Stopps and Staff has added its support to sellers' packs group Splinta who are campaigning against the packs. The company says it has reached the conclusion that the home condition report contained in the home information pack is totally inappropriate for the type of property the firm deals with.
There have been numerous attempts at replacing with-profits bonds. The product I like best is from Keydata. Its UK protected growth plan is totally transparent and is already winning much praise from leading investment IFAs. Best Invest's John Spiers, who I greatly respect, says: “This novel product could be the 21st Century's replacement for with-profits, […]
”I'm sorry, have you got to go now? Can't I bore you about how brilliant our mortgage is for another 10 minutes?” – Norwich & Peterborough press chief Alison Rolls. ”I'm just licking my lips because he is about to open a bottle of sour cherry vodka.” – HSBC Asset Management PR Dolly O'Neill on […]
The year has started with optimism that things will get better as markets become more buoyant. But for the financial services market to seize the opportunities that this optimism brings, it must encourage customer confidence. This is tricky to achieve when customers are asking themselves who they should trust as the FSA fines high-street names. […]
Matt Shafer, head of international distribution at Natixis Global Asset Management, tells Ignites Europe how he sees distribution changing in different European markets. Read the full article here:
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Paradigm Partners was listed on the stock exchange this year as part of Tatton AM’s float IFA support business Paradigm Partners added four new members in the six months to 30 September 2017, according to a statement from Tatton Asset Management. Tatton released a pre-close trading update this morning, which says membership at Paradigm increased […]
The insurer says bulk annuities are a “significant growth area” for its UK business Aviva has completed a £600m bulk annuity deal with the Pearson Pension Plan, its biggest deal to date. The deal is a pension buy-in transaction that covers the liabilities of around 2,400 members. Aviva already provides workplace pensions, protection and health […]
The FCA is calling on firms to design more products that are tailored to older consumers. In a speech yesterday, FCA life insurance and financial advice director Linda Woodall said that as the population ages, it was increasingly important that the elderly received support when they engaged with financial services, including when thinking about retirement. […]