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Robert Reid: Budget provides best advert for professional advice

Everyone told us that the time for face to face advice was limited (I hesitate to use the word restricted) but now the Chancellor is providing £20m towards advice at retirement. Advice was the term used in the speech but the detailed papers talk of guidance. I assume like the term information, it remains different […]

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James Hay parent IFG Group sells IFA arm for up to £9.1m

James Hay and Saunderson House parent company IFG Group has sold its IFA arm to Ascot Lloyd in a deal worth up to £9.1m. The acquisition includes an initial payment of £3.5m, with an additional £5.6m deferred consideration over the next two years based on future revenues. The move, subject to regulatory approval, will see […]

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Sesame ‘faces up to legacy issues’ as it posts £19m loss

Sesame Bankhall Group chairman John Cowan says the business is “facing up to legacy issues” after it revealed a pre-tax loss of £19m for 2013. The company was forced into a loss from the £4.3m pre-tax profit it made in 2012. The loss follows a past business review after the advice firm was fined £6m […]

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