Hornbuckle Mitchell is closing its London office and transferring its Sipp administration services to Leicester.
The firm says no staff are being forced to take redund-ancy although there may be some who do not want to move from London.
Managing director Dave White says that while the company 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 human resources company to assist staff.
White says: “We are hoping to reallocate staff if they want to move but unfortunately we may well lose a small number of staff if they do not wish to relocate.”
The Sipp admin business will move from London at the end of February.