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M&G buys advice firm

Montgomery also said it will help the firm to attract further advisers.

Praemium platform FUA jump 163% in one year

‘We anticipate the coming year will once again produce some dramatic positive changes in our business’

Oneglobal launches Netherlands office

Prior to this Alex was CEO of Aon Indonesia and Head of M&A Solutions for APAC, where he spent over 12 years.

Frenkel Topping buys legal consultancy for £1.48m

The firm will receive £1.48m, of which £0.74m is payable on completion and the balance of which will fall due in two equal amounts of £0.37m on the first and second anniversary post completion.

INVL Baltic Sea Growth Fund’s Eco Baltia completes acquisition for majority stake in Ecoservice

Stake was acquired from BaltCap Private Equity Fund II. Financing for the transaction in the amount of above €20mn was provided by Luminor, the third-largest provider of financial services in the Baltics.

BT Pension Scheme agrees £115m deal for Hermes stake

Sky News reported an agreement had been reached with the UK’s largest private retirement scheme to transfer the 29.5% stake following a valuation by professional services firm Duff & Phelps.

Axa sells insurance arm in Singapore for $575m

The transaction is subject to closing conditions, including receipt of regulatory approvals, and is expected to close by Q4 2021.

Investment trust dividends fall for first time since 2010

Throughout the pandemic investment trusts have proven resilient.

Former LSE boss Xavier Rolet unveils new $200m Spac

The new firm will focus on the fintech and financial services sector in Europe and the US

Luxsipa aims to spotlight structured products

In the world of finance, structured products are probably not the most popular among ordinary investors.

FE fundinfo acquires Denmark's FundConnect

The two companies already share a number of clients, who will be supported by a broader set of integrated cross-border services post-merger.

Aviva agrees five-year extension to partnership with Connells Group

Aviva sees record adviser platform sales

Savings and retirement net flows were up 24 per cent, benefiting from strong performance in both workplace and platform.

Aegon UK sees assets reach record £200bn

Net inflows in its workplace business came to £1.1bn in the second quarter of 2021

D2C investment boom to falter over coming months

This excess cash and pent‐up demand for investments saw gross flows jump to £41bn.

Zurich's life sales growth in EMEA 'mainly driven' in five countries

The rise in sales reflected favourable growth momentum in unit-linked business and protection products, together with the corporate savings business, accounting for 90% of APE sales over the first half of the year, it said.

The cost of Allfunds private equity access

These feeders make investments in asset managers’ master funds. Funds are in Luxembourg, but also in domiciles such as the Cayman Islands.

Prudential impresses with half-year numbers despite big loss

An interim dividend of 5.37 cents per share was flat compared to a year ago

Credit managers turn to Europe for growing opportunity set

The market is very different in Europe than in the U.S., because it is much more consolidated among managers, he said.

River & Mercantile prepares sale of fiduciary arm

According to Sky News, it is thought the sale process has been underway for weeks.

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