Saltus has acquired Newcastle-based advice firm Lowes Financial Management, Citywire has learned, as the private equity-backed group continues its consolidation push. Founder and MD Ian Lowes appears to be set to depart.
Saltus confirmed the acquisition but did not comment further or reveal details of the purchase price. Nice scoop for Citywire New Model Adviser.
Getting your target market assessment procedures in order is essential argues 360’s Tony Lewis in Money Marketing.
WBR Group (WBR) has announced the acquisition of Standard Life’s small self-administered scheme (SSAS) book of business, again as Money Marketing reports.
This deal went through on 1 February 2025 and consists of 270 schemes with 246 properties and £403m in assets under administration. It is interesting to see some bigger providers getting out of this market.
Daniel Hobbs, chief executive of New Leaf Distribution, speaking to FTAdviser, says the firm wants to “help more mortgage brokers become financial advisers”.
Nucleus has updated its platform to support advisers with pension calculations, as Professional Adviser reports.
Shareholders of the Edinburgh Worldwide investment trust (EWI) have voted against proposals from US activist investor Saba Capital to oust the trust’s current board, as Investment Week reports. This is its seventh lost vote. So, this chapter in the takeover saga appears to be over.
The hedge fund says it will move to Plan B.
The Mansion House reforms look set to change the DC landscape but should the government be focusing on adequacy instead asks  Jacqui Reid partner Sackers, as Corporate Adviser reports.
The Trump administration does appear to have essentially stopped the Consumer Financial Protection Bureau from carrying out many of its tasks. That is loosely the equivalent of shuttering quite a bit of the FCA and Ombudsman in the UK. Interesting times. NPR reports.
