Franklin Templeton takes stake in Embark Group amid UK retirement and advice market plans

Franklin Templeton has become retirement solutions provider Embark Group's second-largest investor as the asset manager eyes further expansion into the UK's long-term savings market over the next five years.  The deal, for an undisclosed fee, represents a move to "diversify" Franklin Templeton's business model and take a foothold in the UK's "high growth" long-term savings market, as well as grow its brand among consumers, according to UK country head Martyn Gilbey. Gilbey (pictured) told PA's sister title Investment Week that the purchase was a "considered part" of Franklin Templeton...