mergers

Deal has been delayed by pandemic and FCA concerns

Follows AoV report

Flurry of mergers potentially puts smaller fund houses at risk

Joint firm to become largest UK pension consulting company

Perfect storm of cost saving and regulatory burden behind deals

Possibility of fund mergers and closures on completion

Creates 'group of greater scale'

Federated Hermes begins trading on NYSE

Transaction will close in February

Renamed Punter Southall Wealth