European wealth manager buys UK digital pension advice firm
Deal adds 24,000 customers and £870m AuM
Author: Cristian Angeloni
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UK advice network explores sale options
As it hires external advisers to carry out a review of the business
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FCA takes hard line on rogue financial promotions
Additional measures aim to clamp down on illegal, unfair or misleading marketing
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Old Mutual International Guernsey sold for £3.6m
Acquirer eyes further deals to hit its $2bn AuM target by 2025
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Racial discrimination ‘rife’ in financial services
With unwelcome comments on race still being tolerated in the workplace
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Cost-of-living crisis triggers 23% surge in taxable pension withdrawals
£3.6bn was taken in the first quarter of this financial year
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Director banned over £8m care home investment scheme
He has been handed a 10-year disqualification order
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‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
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JP Morgan PB invests in two Swiss fintech firms
To bolster its digital offering for UHNW clients across Europe, Middle East, Latin America and Asia
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Tavistock offloads research firm bought six months ago
Business sold for £3m – the same price paid for it in May 2022
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FCA wants pension providers to boost consumer engagement
As it sets out standards to make sure savers can access ‘value for money products’
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Kingswood bags advice firm in £12.4m acquisition
It has four potential M&A deals currently under exclusive due diligence