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.”