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AFH abandons Lighthouse takeover deal

IFA consolidator AFH Financial Group has pulled out of a potential deal to buy advice network Lighthouse Group saying it is “disappointed” by Lighthouse’s approach to the bid. In a scathing statement published today, AFH sys it does not now intend to make an offer for Lighthouse, after Lighthouse rejected a £17.4m takeover bid last […]

Leader: Judgement by committee is found wanting

“A sobering day for the industry.” That was how providers described the scathing Office of Fair Trading report into workplace pensions back in 2013, which criticised the proliferation of high-charging legacy schemes, poor governance standards and a lack of transparency on costs. To tackle these challenges, and to restore some sense of balance and fairness […]

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