Souter Investments - the asset management vehicle of Stagecoach founder Brian Souter - has sold Mobius Life to Phoenix Equity Partners.
Phoenix will take its stake in the institutional platform provider alongside the firm's current management team, led by Mobius Life chief executive Adrian Swales. The terms of the deal have not been...
This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
Fulcrum Asset Management is set to launch the first active diversified global climate-aligned equity fund.
Standard Life Aberdeen (SLA) saw its profits fall by a third in its first-half results as revenue fell, but redemptions from its strategies fell to the lowest level since the firm's blockbuster 2017 merger.
Independent investment manager Invesco will launch two Luxembourg-domiciled buy and maintain funds at UK defined benefit (DB) schemes.
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.