Ascentric moves to alleviate 'independence' concerns

The mutual insurer announced on Friday it intends to purchase the holding company of Fundsdirect and Ascentric wrap for an undisclosed amount. But Thorman says the ownership change will not jeopardise the product Ascentric has developed with the Ascentric website still stating the wrap is 'independent of any product provider'. “Fundamentally there is no change to our strategy, the essence is the same, we offer the whole of market with no bias to Royal London,” Thorman says. “We needed to secure our system and to continue our rate of growth and the way to do that was to access more capita...