consolidation

Aviva and Prudential are the most likely to gain from consolidation in the UK life assurance industry, according to Deutsche Bank.

Perspective Financial Group has acquired Lincoln-based McGregors Wealth Management (MWM), the eighth firm to be brought under the consolidation firm's umbrella.

Free seminars on selling and valuing IFA businesses are being launched for advisers across West Yorkshire and the North.

Kent-based IFA Brunning Newton Houghton (BNHL) is preparing to lose hundreds of clients as it seeks to cut costs in 2009.

Small financial advisers are being forced to shelve expansion plans as larger firms continue to swallow up the market, IFAs say.

A company designed to assist IFAs considering buying another practice or selling up has been launched in response to "growing" M&A activity.

A new national adviser firm has been launched with over £100m backing to buy other regional financial advice companies.

Up to 1043 jobs could be lost as the UK IFA industry consolidates over the next 12 months, according to the 3rd edition 2008 Plimsoll Analysis.

Tough markets are taking their toll on adviser firms with 151 in danger of extinction unless they make significant changes, according to a report by industry analysts Plimsoll Publishing.

Thinc Group has acquired Crest Financial Group, a Bristol-based adviser, and its associated mortgage and IFA businesses for an undisclosed sum.