Gosling's Grouse: Are we back to the '80s with industry deals?

GOSLING'S GROUSE

clock

So with L&G taking full control of Cofunds and Cazenove Capital to join forces with Schroders the industry consolidation continues.

Anyone feel we are going back to the 1980s in some way? Then, we had the ludicrous overpriced acquisition by life companies of estate agents as the great distribution scramble started. Ironically, 30 years later some of those same estate agencies look likely to float on the stockmarket having been through three decades of change - some of it not altogether good. The Cofunds and Cazenove deals are different propositions from the buying and selling of estate agencies, but they serve as a reminder that fundamentally, retail financial services is about manufacturing and distribution. C...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read