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Intrinsic founder Richard Freeman announces retirement

Intrinsic founder and former chief executive Richard Freeman will retire from the business in June 2018. Freeman signaled in 2015 that he would leave the advice network at some point in early 2017. Intrinsic former managing director Andy Thompson replaced him as chief executive in December 2015, with Freeman remaining at the firm as an executive […]

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£5.1bn IFA Saunderson House up for sale

The parent company of IFA Saunderson House has indicated the business is up for sale. In a trading update today, IFG Group, also the parent of James Hay, says it has received a number of approaches for the business. The trading update says: “Discussions are at a preliminary stage. The group will consider a sale […]

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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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Govt’s plans to tackle pension scams ‘light on detail’

Government plans to combat the increasing pension scam epidemic have been described as “light on detail” by Old Mutual Wealth. The Government’s response to the Work and Pensions Select Committee’s report on pension scams revealed tabling a workable amendment to the Financial Guidance and Claims Bill to ban cold-calling, and then making regulations to introduce the […]

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