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AFH completes Independent Financial Services acquisition

Consolidator AFH has settled the £4.1m deal to purchase national IFA Independent Financial Services, nearly two years after announcing the acquisition. AFH paid an initial cash sum of £450,000 for the advisory business in May 2015. An earn-out consideration comprising a cash payment of £264,773 and 106,763 ordinary shares of 10 pence has been settled […]

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FOS penalises Intrinsic for delayed pension transfer

The Financial Ombudsman Service has instructed Old Mutual Wealth-owned  network Intrinsic to compensate a client who lost money when their pension transfer was delayed. In the case Mr T complains the delayed transfer of his Occupational Pension Scheme resulted in him receiving a lower transfer value than originally quoted. In September 2016 Mr T found […]

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