South African financial services group FedSure is looking to enter the UK third-party administration ...
It will form a UK company called Fedsure Investment Products Services (FIPS) that will look to re-engineer product administration to benefit consumers and product providers. For intermediaries the group hopes to link the administration of investment products, offering a single administrator for pensions, insurance, Isas and unit trusts.
Neil Whitfield, executive director of Fedsure Investments UK, said: "Fedsure is determined to become a fast growing player in the UK financial services market. Its first acquisitions were traded endowment policy market makers Beale Dobie and Policy Portfolio.
"We have established FIPS to offer a wider range of services and are looking to make further acquisitions in the financial services sector."
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