UK - Wealth Management Software has completed the acquisition of rival Fairs, which provides software solutions to independent financial advisers.
WMS’s core market is the institutional sector and it said that following its acquisition of Fairs, it now has the products to target the IFA sector effectively. Fairs’ IFA division will continue to operate from its base in Newcastle under the WMS banner.
Group sales director Paul Foll said: “The acquisition of Fairs adds IFA management to the combined portfolio of products and completes the value chain from product creation to product selling.”
This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.