Tim Sargisson: Why Sandringham got into bed with M&G

Earlier this week you will have seen that Sandringham concluded a deal whereby our business will be acquired by M&G Plc, subject to regulatory approval. Announcements of this type receive a polarised reaction. There are the industry dinosaurs with the 'hell in a handcart' nonsense. A view that centres on re-platforming, shifting all the assets, and ultimately becoming a restricted adviser. The more enlightened recognise this deal for what it is: an excellent move and a well-thought-out acquisition, where clients of Sandringham will benefit from the improved financial strength of the b...