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Cripps portfolio to be acquired by management and staff

Cripps Portfolio is to be acquired by its management and staff.

They have bought a controlling stake in the investment and wealth management business owned by its founders Cripps Harries Hall LLP. Cripps Portfolio demerged from the Tunbridge Wells based legal practice in 2001 and now administers over 650m of funds.

Following the buyout almost all of the firm’s 70 employees will have access to a stake in the business. 39 employees will participate dirrectly while the rest can do so through share option or share incentive schemes.

Cripps Portfolio chief executive David Lough says: “This is the next logical and strategic step for the business. It will help secure the long-term growth of the firm through retaining and recruiting the high calibre professionals we, and our clients, need.”


Matrix wins VCT fund manager of the year award

Matrix Private Equity Partners has won the VCT fund manager of the year at the Investor Allstars venture capital awards dinner. The award recognises “active investors who are building the UK’s companies of tomorrow”. The firm is currently aiming to raise 20m in its income and growth VCT 3.Matrix chief executive Mark Wignall says: “We […]

Taking Flight and fight on pensions

Pensions overshadowed the political landscape in 2005 although the year began with Tory calls to implement an up-front refundable fee on Financial Ombudsman Service complaints and a moratorium on new EU regulation. Cuts in regulation were also a theme for the Government in response to the Hampton review, leading to the Better Regulation Action Plan […]

In the scheme of things

The new disclosure provisions are intended to keep HMRC on the front foot with regard to tax-avoidance plans

Hooper TV deal on how to pay mortgage in two years

AWD Chase de Vere marketing director Graham Hooper has lined up a book and reality TV deal with the BBC on how to pay off a mortgage in two years. Pay Off Your Mortgage in Two Years will be published in January and will be accompanied by TV programmes broadcast over two years. Hooper will […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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