Regions
Martin Gilbert-backed firm buys 30% stake in Parmenion
It sees ‘significant opportunities to develop’ the platform via organic and inorganic growth
Financial planning firm makes fifth acquisition of 2021
Deal brings around £250m in funds under management
10 UK firms defaulted between April and May 2021
Seven of which provided financial advice and/or life insurance services
UK wealth manager enters administration
After the regulator imposed restrictions on the firm in March 2021
AIA buys 25% stake in Chinese life insurer for $1.86bn
Deal allows the group ‘to capture additional distribution channels and customer segments’