M&G buys investment manager to enter MPS space
It plans to cut acquired firm’s fees to 0.15%
M&A Deals
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Wealth manager buys IFA company for £3.6m
In a bid to reach target of £14bn AuM globally
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Sovereign acquires Malta’s Azure Retirement Benefit Scheme
There will be no change to the pension administration fees
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UK financial advice company buys IFA firm
Combined business will have over £250m AuM with bases in Liverpool, Bolton, Lancaster and Watford
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BNP Paribas set to sell Spanish private banking arm for €100m
It is understood the French giant will retain 20% stake in the business
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Insurance giant expands Europe presence with €207m acquisition
In a bid to ‘elevate its position in the attractive’ market
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Tavistock backs out of £3.7m IFA acquisition
Deal is no longer in the firm’s ‘strategic interests’
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US in the news: Deutsche Bank WM makes Florida push
A round-up of people moves and M&A deals across North America
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AMP rebrands capital markets arm before demerger
Nearly a year after the scission was announced
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Fintech savings provider buys financial education specialist
Acquired business will continue to operate as a separate brand after the deal is complete
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Royal London and LV= merger talks collapse
Differing ‘mutual models’ forced the two companies to halt discussions
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Private equity firm completes purchase of stake in UK platform
A week after it became majority investor in Isle of Man-headquartered International Financial Group Limited