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Tavistock moves into profit following Abacus deal

Tavistock Investments has moved into profit as a result of its £5.2m acquisition of Abacus Associates Financial Services. Earnings on an EBITDA basis, adjusted to remove acquisition costs and share based charges, were £103,000 in the year to April 2016. This compares to a loss of £352,000 the previous year. The group says EBITDA was […]

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Pension Wise appointments plunge to four-month low

The number of face-to-face and telephone Pension Wise appointments has fallen to a four-month low, new figures reveal. There were 4,855 appointments during May, down from 6,902 in April and a high of 7,010 in March. The data also shows pension providers provide the most referrals (45 per cent), with just 1 per cent of […]

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FSCS boss sees ‘significant issues’ with product levy

Financial Services Compensation Scheme chief executive Mark Neale has questioned the viability of a product levy to fund the scheme, citing “significant issues” with the concept. A review of the FSCS funding model was recommended in the Financial Advice Market Review. Speaking to Money Marketing after the release of its annual report today, Neale explains: “One […]

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