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."
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till