One in three IFA owners to retire within 10 years
The wealth management M&A race is set to be ratcheted up a notch with more than a third of IFA owners planning to retire within 10 years.
The wealth management M&A race is set to be ratcheted up a notch with more than a third of IFA owners planning to retire within 10 years.
UK-based RSA Insurance is reported to be looking to sell its Russian and Middle East divisions as it resumes the disposal process begun by chief executive Stephen Hester in the wake of the surprise decision by Zurich last week to call off its takeover bid.
Admin Re’s acquisition of Guardian Holdings Europe will bolster its book of UK and Ireland closed life policies by 900,000, bringing the total count to over four million.
Zurich Insurance has abandoned plans to buy RSA Insurance Group after making a £5.6bn bid for the rival company last month.
UK-headquartered RSA Insurance Group is to trade-in its businesses in Latin America for £403m as the firm continues the sell-off of its non-core operations.
Global corporate services provider Elian has agreed terms to purchase SFM Europe in a deal that will see more than €1trn of assets under administration added to its books.
On 1 July 2015, Canada Life completed its acquisition of Legal & General International Ireland (LGII), Sean Christian, the company’s executive director – offshore and managing director of Canada Life International – talks about the background to the deal and the opportunities it brings.
The Financial Conduct Authority is investigating unusual increases in share price prior to Aviva’s merger with Friends Life, according to reports.
French insurer Axa Group may be looking to sell off all of its UK businesses, including Axa Wealth, according to British media reports.
Zurich Insurance has formally tabled an all cash offer for RSA Insurance valued at £5.6bn ($8.8bn), which the UK-listed firm said it was likely to accept.
Canada Life’s acquisition of Legal & General International has resulted in a combined 29% share of the offshore bond market into the UK.
Wealth management and financial advice firms have been snapping up their peers at some rate in the post RDR world, but in recent months this has been kicked up a gear.