“Royal London puts Ascentric up for sale”

Feb 18, 2020 | Companies

Here’s a company for once doing the right thing. Both Standard Life and Legal & General have flogged their ‘old style’ life assurance and pensions business to Reassure, a retirement home for many a brand you’ve once heard of, to focus on fancy modern investment platforms. Royal London have, very cleverly, gone the other way, and are ditching their not-so-fancy investment platform to concentrate on doing old-fashioned pension business properly. Good decision. I’d say.

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“Nutmeg losses climb 28% after JPMorgan takeover”

“Nutmeg losses climb 28% after JPMorgan takeover”

If you’re offering cheap, online investment advice, you need volume to make it profitable. To get volume (ie lots of money), you need marketing (to get lots of people to log in and give you money). And that costs, particularly, as will inevitably be the case, most of...