View more on these topics

Hornbuckle Mitchell closes London office

Hornbuckle Mitchell is closing its London office and transferring its Sipp administration services to Leicester.

Hornbuckle says no staff are being forced to take redundancy, although if they do not wish to relocate redundancy is an option.

Managing director Dave White said while the firm is not reducing staff numbers, the relocation could result in a “small” number of staff leaving.

He says: “We are not reducing staff, it is just a relocation issue. Everybody has been offered the opportunity to work from any of the three offices – Edinburgh, Cheshire and Leicester – but a lot of the staff are London-based so it is up to them whether they choose to do that or take a redundancy package.”

Hornbuckle has employed a third-party HR company to assist staff exploring both options.

White says: “We are hoping to reallocate staff if they wish to move. But unfortunately because of the nature of the beast, we may well lose a small number of staff if they do not wish to relocate.”

Administration business will move from London at the end of February.

Recommended

1

‘Bring in ISO to develop fund classifications’

Syndaxi Chartered Financial Planners managing director Rob Reid wants the Investment Management Association and the Association of British Insurers to work with International Organization fro Standardization to improve fund classifications.

Adviser Fund Index

The Adviser Fund Index series performed strongly in 2009. According to Financial Express, all three indices outpaced their Investment Management Association and Association of Private Client Investment Managers and Stockbrokers benchmarks. Outperformance was most pronounced in the AFI aggressive index, which returned 29 per cent – beating the Apcims Growth portfolio by nine percentage points. […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. I have worked for this company and I regret to say my time there was not a happy one. I found those in charge at the Leicester offices have very little time for their employees. I would go as far to say we were treated with contempt. I also had to put up with a a lot of sexist comments from lecherous co-workers and something which made me quite uncomfortable When I brought this to the attention of my boss, he said it was ‘just a bit of fun’. This along with the fact that the wages i received were a joke. I can only speak for my own personal experience of the Leicester office. This does not represent the company as a whole.

Leave a comment