View more on these topics

Pointon York no longer for sale

Pointon York is no longer for sale after deciding it is in shareholders best interests to remain an independent company.

The Sipp provider was put up for sale in September after receiving “several” approaches from prospective buyers.

However, the Pointon York board has today announced that the formal sale process has come to an end.

In a statement, Pointon York says: The board had initially targeted a deadline for receipt of final proposals in the second half of November, whilst reserving the right to alter any aspect of the sale process (as outlined in the announcement dated 12 September) or to terminate it at any time.

“The board now announces that the formal sale process has come to an end, as it considers it to be in its shareholders best interests to remain independent at this time.”



Legacy commission ban could create new biases

Advisers have questioned whether the FSA’s ban on legacy commission under the retail distribution review will address market bias. The consultation on treatment of legacy assets reiterates that trail commission for ongoing advice will continue after the RDR but legacy commission for changes to existing investments will be banned. The regulator argues that allowing legacy […]


Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. More likely that on closer inspection the prospective 7 had second thoughts of taking on the PY book of SIPPs and SSAS.

    Just like no one wants to buy Hornbuckle M.

Leave a comment