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RSA website

2 insurers buy MoreThan owner in £7.2bn deal

Details
18 November 2020
  • Insurance
  • takeover
  • RSA
  • mergers
  • MoreThan
  • Intact
  • Tryg

 

Insurer RSA has recommended acceptance of a £7.2bn cash bid for the company from Canadian insurer Intact and Danish insurer Tryg.

Read more …

Regency website

Kingswood completes £3.45m Planner firm takeover

Details
18 November 2020
  • Kingswood
  • Gary Wilder
  • Regency Investment Services
  • mergers
  • Dominique Vinecombe

Wealth manager and Financial Planner Kingswood has completed the acquisition of Surrey Chartered Financial Planner firm Regency Investment Services.

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AFH logo

Inflows at AFH hit by Coronavirus pandemic

Details
17 November 2020
  • AFH Financial
  • financial reporting
  • results
  • Coronavirus
  • mergers

Financial Planning-led wealth management firm AFH Financial has reported that its client inflows continue to be impacted by the Coronavirus pandemic.

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Tavistock chairman Oliver Cooke

Tavistock cuts costs as it readies platform launch

Details
10 November 2020
  • Platform
  • profits
  • Tavistock Investments
  • results
  • mergers

Financial adviser network and wealth manager Tavistock Investments is closing a number of offices and axing staff in a £750,000 cost-cutting drive as it prepares to launch its own platform.

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STM website

STM adds £5m to takeover war chest

Details
06 November 2020
  • Sipps
  • acquistions
  • STM
  • Options
  • mergers

STM Group, the financial services and SIPP provider, has added £5m to its takeover war chest to fund further acquisitions.

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FNZ offices

Competition regulator tells FNZ to sell GBST

Details
05 November 2020
  • Platforms
  • FNZ
  • CMA
  • competition
  • GBST
  • mergers

The Competition and Markets Authority has ordered platform engine provider FNZ to sell rival and takeover target GBST over fears that millions of UK pension savers and investors could face worse service and higher prices.

Read more …

Wealthtime

Wealthtime plans to grow after private equity takeover 

Details
04 November 2020
  • private equity
  • Wealthtime
  • AnaCap
  • Jan Regnart
  • mergers

Up and coming adviser platform Wealthtime says it will consider its own acquisitions following the completion of its takeover by European private equity firm AnaCap Financial Partners.

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Will Self

Curtis Banks completes Talbot and Muir takeover

Details
02 November 2020
  • Curtis Banks
  • Talbot and Muir
  • Will Self
  • acquistion
  • Dunstan Thomas
  • mergers

SIPP provider Curtis Banks has received the go ahead from the FCA to complete its acquisition of rival Talbot and Muir.

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1825 CEO Julie Scott

Some staff leave 1825 in senior exec shake up

Details
29 October 2020
  • 1825
  • Standard Life Aberdeen
  • Julie Scott
  • mergers

Standard Life Aberdeen’s Financial Planning business 1825 has shed a "small number" of staff in a senior exec shake up.

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Kim Bendall

Bendall launches new outsourced Paraplanning firm

Details
28 October 2020
  • Paraplanners
  • Paraplanning
  • Kim Bendall
  • mergers
  • Go Paraplanning
  • Ralph Sanders

Experienced Paraplanner Kim Bendall has launched an outsourced Paraplanning firm called Go Paraplanning.

Read more …

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