M&G plc’s Post

Todd Boehly’s Eldridge Industries says it will launch a $74 billion asset manager and insurance company, capitalizing on the investment industry’s push for scale and consolidation.

Excited to announce that I'm hosting a dynamic panel discussion on the fascinating intersection of private credit and insurance company capital. Join me and a lineup of industry experts as we delve into the different strategies asset managers are using to attract insurance company capital, which has fueled the evolution of private credit from a niche asset class to the $2.7T+ asset class it is today. Don't miss out on gaining valuable insights into the latest trends, opportunities and challenges in this ever-growing space. RSVP fast as space is limited! #privatecredit #insurancecapital #assetmanagers #paneldiscussion #financeinnovation

The UK wealth management sector has been among the busiest consolidation spaces for some time. The consolidation in recent years means wealth management platforms now need to prioritise organic growth over M&A to achieve better exit opportunities and valuations. Many platforms have been too reliant on simple M&A arbitrage for their value creation plan. The challenge now lies in obtaining leverage from data and internal insights, despite the complexity, to identify organic growth opportunities and drive business improvement. For more insights on value creation in the UK wealth management sector, check out at this article from CIL’s Senior Partner Alex Marshall in Actum Group’s Expert Insights series. #CILInsights #ValueCreation #WealthManagement #MandA

$449 billion M&G Investments files lawsuit for $34 million (£27 million) damages against Royal London Mutual Insurance Society for exposing clients of wealth management platform Ascentric to inappropriately risky investments.  In 2020, M&G acquired Ascentric for £86 million from Royal London Mutual Insurance Society. Read - https://lnkd.in/gVwa8vyn follow Caproasia | Driving $28 trillion assets in Asia UK M&G Investments ($449 billion AUM) has filed a lawsuit for $34 million (£27 million) damages against Royal London Mutual Insurance Society for exposing clients of wealth management platform Ascentric to inappropriately risky investments.  In 2020, M&G acquired Ascentric for £86 million from Royal London Mutual Insurance Society.  

$449 billion M&G Investments files lawsuit for $34 million (£27 million) damages against Royal London Mutual Insurance Society for exposing clients of wealth management platform Ascentric to inappropriately risky investments.  In 2020, M&G acquired Ascentric for £86 million from Royal London Mutual Insurance Society. Read - https://lnkd.in/gB6wX2n7 follow Caproasia | Driving $28 trillion assets in Asia UK M&G Investments ($449 billion AUM) has filed a lawsuit for $34 million (£27 million) damages against Royal London Mutual Insurance Society for exposing clients of wealth management platform Ascentric to inappropriately risky investments.  In 2020, M&G acquired Ascentric for £86 million from Royal London Mutual Insurance Society.  

Big shakeup in wealth management! Lincoln Financial's $115 billion asset divestment to Osaic Inc. is set to reshape the industry. With 1,400 advisors joining the fold, what does this mean for the future of financial services? Discover how this major move is impacting key players and why some are already jumping ship. Click to get the inside scoop and see what’s next for Lincoln and Osaic! https://lnkd.in/gDNhWZ3W #TheHypeEconomy #LincolnFinancial #Osaic #WealthManagement #FinancialNews #IndustryShakeup #FinancialServices #Investment

Demand for UK insurance businesses is outstripping supply. This is continuing to support pricing in M&A deals, which has sharply risen in recent years and is being maintained, in spite of arguably less benign market conditions. Download MarshBerry | Europe’s Annual Insurance Distribution Market Report – M&A Market Structure & Review for the UK to gain key insights for 2024. MarshBerry   https://lnkd.in/efQc7HBa   #MarshBerry #MarshBerryEurope #MergersAndAcquisitions #CorporateFinance #BusinessPlanning #MarketIntelligence #Broking

Hear directly from Scott McClurg and Deepak Seeburrun who will be talking to the evolving role of Private Credit at the Insurance Asset Management Conference, taking place in London on 28 November. Alternatively, learn more about why Private Credit is increasingly relevant for insurance investors. https://grp.hsbc/6043q7pUb #AssetManagement #Insurance #PrivateCredit

Global private equity and investment firm KKR secured an agreement to take another dip into wealth management by purchasing Janney Montgomery Scott LLC for an undisclosed amount. Here’s a look at the available details and context on Penn Mutual Life Insurance’s deal with KKR to acquire the firm with 900 financial advisors and $150 billion in client assets. #brokerages #privateequity #wealthmanagement