British insurer and pension fund manager Standard Life has announced it will seek a toehold in the UK financial advice market via the acquisition of Pearson Jones.
In a statement on the financial planning firm’s website, Pearson Jones managing director Tim Johnson said the acquisition by the FTSE 100 life company will provide attractive resources for its advisers and clients.
“Pearson Jones will be integral to the creation of a new, high-quality, nationwide financial advice business under the Standard Life umbrella,” the statement said.
“In turn, Pearson Jones will be able to tap into Standard Life’s technical and investment expertise to support the breadth and depth of advice we deliver to our clients.”
The statement indicated that there will be no “immediate change” from the perspective of Pearson Jones clients.
“Pearson Jones has provided quality financial advice for 40 years and we are excited about the great opportunities that lie ahead for the business as part of the Standard Life group,” it added.
A spokesperson for Standard Life Investments said the deal is “UK specific” and “does not impact the Australian business”.
Clime Capital has made a bid to acquire CBG Capital, having proposed to buy all of the firm’s shares in an off-market takeover. ...
National wealth management house Shaw and Partners has said that it is looking to expand its presence in WA, having acquired one of Australi...
MyState Limited announced today that it has entered into a sale agreement with Fiducian Group Limited for the acquisition of MyState’s ret...