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James Hay to close Manchester office; jobs at risk

Pensions administrator James Hay is to close its Manchester office, putting six jobs at risk.

The move follows a review of the firm’s office locations throughout the UK that will also see its Manchester and London SSAS administration functions transferred to Bristol.

Only one person was employed as a SSAS administrator in the London office and she is due to retire.

The firm will retain its offices in Bristol, Glasgow and Salisbury. James Hay’s London-based sales team will also be unaffected by the review.

Schemes administered at the Manchester and London offices will be moved to its Bristol office by the end of January.

James Hay chief executive Alastair Conway says: “We have ambitious growth plans across the business. To ensure we maintain robust scalability we are consolidating our Manchester and London SSAS administration operations and transferring them to our Bristol office, which has the capacity to grow in response to expected business volumes.

“That does mean change for the six staff currently working out of Manchester. We are supporting employees who wish to transfer with the work to Bristol and working on opportunities to transfer to other vacancies within the UK group. 

“All employees are focused on making the transfer seamless and are working with us until all client administration work is transferred at the end of this month.”

Syndaxi Chartered Financial Planners managing director Robert Reid says: “Such rationalisation can be disruptive for advisers with SSAS clients.”

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