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Bankhall says it’s business as usual, despite Old Mutual talks with parent

Old Mutuals early stage discussions with Skandia looking at a total buyout of the firm will have no immediate effect on Bankhall, Skandias UK-based IFA support business.

Commenting on the news, Bankhall says its exec has been kept in the loop on the deal, and things are very much business as usual.

Bankhall marketing manager Richard Howells says: The effect on the Bankhall business is nil. We will be taking a keen interest, but there will be no operational changes at this stage, its too early in the process.

As far as we know there is only Old Mutual in discussions at the moment, there are no other contenders in the frame.

As these discussions are not confirmed as yet, there is not a significant amount of time being invested in this, but if the deal goes ahead, we will start to look at opportunities from both sides.

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