US investment firm withdraws bid for Aussie wealth giant
Financial services provider may be forced to sell its business in pieces
Financial services provider may be forced to sell its business in pieces
It is on course to double in size by the end of the year
Deal brings around £270m assets under management to the group
Advisers want to make sure they don’t ‘incur higher tax burdens’
Combined business will have around £45bn of assets under administration
It ‘now intends to change its business strategy’ after £5.7m investment in River and Mercantile
Parliamentary group believes deal may not be the best option for members and policyholders
A round-up of people moves and M&A deals across North America
It will withdraw its products from the market including annuities and equity release
Business will have $4trn in assets
It will ‘continue to make acquisitions of high-quality businesses in the year to come’
Funding will help the company grow through ‘both internal development and acquisitions’