The Liverpool Victoria has purchased for an undisclosed fee Bishopscourt Financial Holding, an inter...
The Liverpool Victoria has purchased for an undisclosed fee Bishopscourt Financial Holding, an intermediary group with turnover of £13m per annum and associations with thirty affinity groups including Mensa and the Royal College of Nursing.
Spokesman for the life group, Peter Waller, said the acquisition gives Liverpool Victoria access to two million potential customers and compliments last week's acquisition of the Royal National Pension Fund for Nurses.
The agreement - subject to regulatory approval - increases LV's leverage as market leader in the affinity market.
Both Bishopscourt chairman Mike Rutherford and managing director Chris Wacey are to join the management team at Liverpool Victoria.
Was responsible for IT and transformation
There are 1,840 asset management firms with £8trn AUM
Also unveils trust IPO raised £100m
Paul Bruns and Elaine Parkes
3,000 left to transfer