consolidation

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Embark Group and Mazars have consolidated their employee benefits businesses - to be renamed 'Vested' - while Mazars will acquire financial planning firm RCL Consultancy from Embark.

PMI adviser-consolidator Chase Templeton has revealed it is planning a fresh round of ‘significant' acquisitions this year.

The number of advising staff working in financial advice firms fell 9% last year, according to figures put together for the Association of Professional Financial Advisers (APFA).

A major PMI-adviser consolidator has secured private equity investment and will announce a further significant acquisition in February.

The international private medical insurance (IPMI) market will see growth in 2011 but with consolidation and increasing demand for add on products and benefits, ALC Health has predicted.