Fund managers Gartmore and Henderson have both felt the impact on the FSCS interim levy on their annual results, with bills of £2.1m and £7.6m respectively.
The results reflect a turbulent year for Gartmore, with Henderson making a bid for the fund manager in January this year in a deal valuing the asset manager at £344m. The acquisition is expected to be...
'Gap between value and price as wide as I have ever seen'
Reduced UK outflows
Draws attention of FCA
Subject to shareholder approval
More demand at adviser school
Base rate 0.1%
First appointed in 2017