International life sector braces for consolidation after Friends Prov takeover
Friends Provident International (FPI) has suggested a fresh round of consolidation in the offshore life industry may begin in the next 18 months as new owner Resolution seeks out more takeover targets
BNY Mellon snaps up Insight for £235m
Insight Investment has been sold to BNY Mellon in a £235m deal by parent company Lloyds Banking Group.
New European IFA association sets out its goals
Helping IFAs cope with the growing regulatory burden in the EU will be a “major goal” for Feifa, the new trade association for financial advisers based in Europe.
Friends agrees to Resolution takeover
Friends Provident is to be taken over by Clive Cowdery’s Resolution Holdings after the board of FTSE 100 insurer backed the Guernsey-domiciled investment vehicle’s latest 1.86bn bid.
BLME launching shariah-compliant money market Sicav for professional investors
Bank of London and the Middle East (BLME) has launched what it says is Europe’s first Shariah-compliant money market fund.