News in brief: 12 October

Written by Theo Andrew
12/10/18

LexisNexis Risk Solutions has launched a guide to help pension providers reunite lost pension pots with their owners.

The firm has established four key steps including identity verification, database monitoring, batch tracing and identity confirmation to help providers track members pots more effectively. According to LexisNexis Risk Solutions, one in five consumers with multiple pension pots have lost track of at least one pot, and they expect the issue to grow over the next ten years. The firm has said that providers must invest in technologies that can cleanse and match data efficiently in order to “stem the growth of the issue”.

AMX has added Magnetar Capital and Lomas Capital Management to its platform, increasing its assets under management by almost $1bn.

The additions mean that AMX now has a total of 17 funds on its platform, giving investors access to a wide range of strategies and asset classes. Magnetar has onboarded over $900m onto the platform, while Lomas as added $50m and access to its focus strategy that targets high-conviction, concentrated, long-short equities.

Punter Southall Aspire has acquired JDP Financial Services.

The firm is a “well-established” group of chartered financial planners who provide advice for individuals, families and retirees, growing Punter Southall Aspire’s financial planning arm. It is the second advice firm acquired by the group this year after purchasing Oxford IFA Focus in June. The deal adds £220m to Punters assets under advice, which now totals over £4bn.

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