Aegon

Trusts becoming more accessible

Deal first announced in August 2016

Acquisition will add £12bn assets

Firm thought to be in early stages of process

Heartwood Investment Management has hired Marian Black from Baring Asset Management to head up its investment marketing.

Investment trust Caledonia Investments is close to agreeing a deal to purchase a stake in Seven Investment Management, according to reports.

Platforms must branch out to survive

Kames Capital is to manage the latest addition to Aegon's fund range, a High Income fund intended to help investors take advantage of pension rule changes.

Former Aegon director Charles Garthwaite has been appointed chief executive of fund hosting company Fund Partners.

Aegon would establish a new registered life company in England should Scots vote for independence on 18 September.