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Neil MacGillivray: Solving a lifetime allowance issue

Neil MacGillivray: Solving a lifetime allowance issue
professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.

Neil Macgillivray , James Hay , நீல் ம்யாக்‌கிலிவ்ரே , ஜேம்ஸ் வைக்கோல் ,

Embark looks set to sell to Lloyds Banking Group

10
th May 2021
7:50 am
Embark could be taken over by Lloyds Banking Group in a deal worth around £400m, according to reports from the weekend.
An announcement from the firms is anticipated to come as early as this month, Sky News suggests.
Asset managers BlackRock, Franklin Templeton and Legg Mason all hold minority stakes in Embark.
The platform and pensions business has been busy on the acquisition trail itself of late, having acquired Zurich’s investment and retail platform last year.
It followed Embark’s purchase of the adviser and partnership client Alliance Trust Savings from Interactive Investor.
The report from Sky News suggests Fenchurch Advisory Partners is advising Embark on the deal. Fenchurch has been involved in several high profile deals in the market. ....

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Private equity will continue snapping up investment platforms

Private equity will continue snapping up investment platforms - Cerulli
PE ownership up 13 percentage points
The UK platform sector has seen several cases of private equity (PE) buy-outs in recent years, and that trend it set to continue, research by Cerulli Associates has found.
For the most part, private equity focus has been on buying mid-sized advised platforms, a trend Cerulli, which provides data for asset and wealth management firms, predicted will continue. According.
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Apex Hotels in 'going concern' warning

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Ferry fiasco: Anger as islands tourism hit by cancellations

ISLAND businesses face the loss of hundreds of thousands of pounds over the coming days and weeks as ferry disruption dampens hopes of an early bounce-back with the rest of country edging out of lockdown.
The nationally-owned CalMac’s largest ferry the MV Loch Seaforth is the subject of frantic repair by specialists.
Tourism businesses and hauliers are among the hardest hit and hospitality across Arran was reported in one survey to have had another soul-destroying string of callers cancelling bookings.
One hotelier counted up £30,000 in call-offs and this comes at a time when the building blocks of recovery should be in place to allow businesses back to life. Instead there is greater uncertainty. ....

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