James Hay has revealed it is keeping an eye on the platform market in case a firm that complements its structure and business practices becomes available for acquisition.
Speaking at PA360 North's platform debate on Thursday (17 October) alongside Fundscape's Bella Caridade-Ferreira and Altus Consulting's Ben Hammond, James Hay distribution director Paul Bagley (pictured, left) revealed the firm was keeping an eye out for potential acquisitions in the platform space. The expression of interest in consolidation has come after the platform and self-invested personal pension provider was bought by a private equity business. Epiris bought James Hay's parent company IFG Group for around £206m at £1.93 per ordinary share. The deal was structured so that I...
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