Approach made for James Hay parent company

IFG Group has announced that an approach has been made for the Sipp and international corporate trustee services company.

The Irish financial services firm acquired James Hay from Santander last March and merged its IPS Partnership Sipp business into the James Hay brand earlier this year. It announced last year that it was to retain the James Hay wrap business despite speculation that this would be sold off.

IFG Group would not comment further on the approach.

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