Has Old Mutual overpaid for Quilter Cheviot?
Old Mutual Wealth (OMW) is to establish a close relationship between adviser network Intrinsic and Quilter Cheviot after it agreed a £585m deal to acquire the discretionary manager.
Former Threadneedle head of UK equities Simon Brazier will take over as manager of the £181m Investec UK Alpha fund when he begins his career at the asset manager next month.
UK GDP growth stood at 0.7% in the third quarter, according to the Office for National Statistics (ONS), down from 0.9% in Q2 but in line with economists' expectations.
Pensions expert Ros Altmann has called on the Financial Conduct Authority (FCA) to tighten its grip on product providers to ensure customers are treated fairly once they have received the government's proposed retirement guidance.
Super-size me: The risk of going too big in bonds