Comes after a 'firm intention' for the deal was confirmed in January
Discussions ongoing with Premier MIlton and AssetCo over potential acquisition
Confirmation the investor was planning on selling its fiduciary division
AssetCo has doubled its stake in River & Mercantile (R&M), as it looks to pivot its business strategy to develop an asset and wealth management business.
This week’s top stories included the Littlewoods Pension Scheme’s £930m buy-in with Rothesay life, while The Pension Superfund named its new asset and liability management committee.
The Pension Superfund has announced the makeup of its asset and liability management (ALM) committee – unveiling names including Aberdeen Standard Investments chairman Martin Gilbert and former Railpen chief executive Chris Hitchen as part of its team....