Here’s another brick in the ‘we’ve seen it all before’ wall. The mighty Pru once ruled the...
Companies
“Severn Trent turns in ‘robust’ first-half performance”
Privatisation, when it was all the rage in Thatchers ‘80s, was supposed to kick the moribund,...
“Amazon invades financial services with home insurance launch”
Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some....
“Natwest and trio of private equity firms vie for Quilter”
In the 80s and 90s, banks and building societies bought life insurance, pension companies and fund...
“Nutmeg losses climb 28% after JPMorgan takeover”
If you’re offering cheap, online investment advice, you need volume to make it profitable. To get...
“FCA: Good advisers have ‘nothing to fear’ from redress scheme”
A firm with whom we work did advise British Steel workers, was as a result given a thorough...
“Is vertical integration good for advisers?”
I think the point here should be, is it good for clients? Vertical integration is not something...
“European PE investor buys Ascot Lloyd”
Some more venture-capital-buys-advice-firm action. The firm in question, Ascot Lloyd, has been a...
“SJP CEO’s salary leaps to £3.3m in 2021”
I don’t want to sound like a ‘mealy-mouthed lefty’ as I have, on occasion, been called in those...
“Tilney Smith & Williamson to rebrand as Evelyn Partners”
Our industry has seen many strange and doubtless very expensive rebranding decisions. Standard...
“LV= members snub Bain takeover”
In my view, the rejection by LV= policyholders of a takeover by US venture capital is good news....
“Tory treasurer could net millions from controversial LV= takeover”
I’ve written quite a bit about this, but it has been in the news a lot, and does affect our...
“FCA under fire over LV sale”
LV= (Liverpool Victoria as was) is one of the last, great mutual insurers. Most were...
“Newcastle firm True Potential sells majority stake to private equity group”
It’s often not what you do but how you do it that’s important. Many in our business who’ve sold...
“Quilter’s productivity drive sees 141 advisers leave”
Quilters has one of the biggest networks of advisers, having bought, amongst others, my former...