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Zurich completes sale of Threadneedle to Amex

Zurich has completed the sale of Threadneedle Asset Management Holdings Ltd to American Express for a sum of £340 million, which was paid in cash. The transaction was first announced on June 16th, 2003.

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Death of IFA champion Douglas Claisse

Momentum chairman Douglas Claisse has died at the age of 70 after a distinguished career in financial services where he was a champion of independent financial advice.Claisse started his career at Clerical Medical as an inspector and rose to become deputy chief executive and chairman of Clerical Medical International, where he stayed until 1997. At […]

Insight rebuilds fund of funds team with UBS duo

Insight Investment has made the first step in replacing Bambos Hambi and his fund of funds team by recruiting two senior managers from UBS.Patrick Armstrong, director, head of fund and manager selection and Ana Cukic-Munro, director, head of portfolio construction, will join in January.They are the first appointments to Insight&#39s Fof operation, which is losing […]

Networks wield significant buying power in PI market

I would just like to correct any impression that Collegiate Insurance Brokers feels that IFAs can obtain cheaper PI cover as a matter of course by leaving their networks (Money Marketing, September 18). We do not believe that there is any such certainty and we would not recommend IFAs to base any decision on this […]

10 points to build trust in pensions

The ABI is placing reform of state pensions at the heart of a 10-point manifesto for change launched at the Labour Party conference in Bournemouth this week.ABI policy adviser Graham Vidler says the Government must reform the state pension to ensure the system is sustainable in the long term and to send the public the […]

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