US fund giant Federated Investors has taken a majority stake in Hermes Investment Management, paying its parent BT Pension Scheme (BTPS) £246m for the 60% share.
BTPS is to retain 30% of Hermes, with the opportunity to sell that residual holding to Federated after three years. Hermes' management team will hold the remaining 10%. Hermes IM, widely known as an...
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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Alongside Barrett, Hopkins, Boston and Thorman on 17 October