Companies
Phoenix cashes in £117m from Axa purchase
Closed book provider Phoenix has said integrating the recently-bought pensions and protection businesses from Axa has generated more than £117m (€135m, $143m) in cash.
Old Mutual exits Europe after completing sale of Italian unit
Old Mutual has confirmed its exit from continental Europe after finalising the sale of its Italian operations to Phlavia Investimenti.
Aisa International moves into South Africa with fee-based firm
Cross-border financial planning firm Aisa International has expanded into South Africa after being granted a licence by the country’s financial services regulator.
Embark’s Adviser Centre snaps up research firm
UK online investment intelligence service, the Adviser Centre, has announced its acquisition of research group Scopic Research amid efforts to increase its presence in the UK IFA and wealth management space.
Aegon to become ‘fully-fledged’ platform after Cofunds buyout
Dutch-headquartered insurer Aegon has moved a step closer to transforming itself from a traditional life company to a “fully-fledged platform business”, after officially completing the purchase of the Cofunds UK platform.