M&A Deals
Most advisers prefer a successor to a sale on retirement -Russell
Financial advisers would prefer to find a successor that can take on their business when they retire, rather than pursue a sale, new research from Russell Investments suggests.
RSA completes sale of China insurer Sun Alliance
London headquartered-RSA Insurance Group has completed the sale of its China-based business, Sun Alliance Insurance, as it continues to focus on its core markets and “clean up its past weaknesses”.
UK private healthcare sector poised for wave of M&A
A common feature of any large, developed market is the hegemony of its largest participants. Grocery sales in the UK are dominated by the ‘big four’ supermarkets that, in the 12 weeks ending 4th January 2015, had a combined market share of over 74%. The publically owned ‘big oil’ super majors, big tobacco and telcos are similarly structured.
AFH buys national IFA in £4.1m deal
AFH Financial Group has announced the purchase of Independent Financial Services in the firm’s largest ever acquisition.
Aviva and Friends Life boost profits
British insurers Aviva and Friends Life Group, which agreed a £5.6bn merger last December, have both reported better-than-expected annual profits for 2014.