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Lynx profits up 20 per cent

Bankhall&#39s parent company Lynx has announced a profit of £11.2 million in the past year, up 20 per cent from its £9.3 million profit in 2000.

In its annual results for the year ending September 30 it also confirmed it is in discussions with may lead to an offer for entire company at 120 pence per share.

Lynx&#39s turnover is up 27 per cent to £224.2 million from £175.9 million last year. It says Bankhall is continuing to perform well in the regulated IFA sector and now represents 54 per cent of its operating profits.

Bankhall has contributed £63.2 million to the group&#39s turnover and £7.8 million to its operating profit. It has spent £1.1 million on the development of its internet portal IFA Engine.

Lynx chief executive Richard Last: “Our core businesses continue to perform strongly with significant organic growth in the UK IFA services sector.”

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Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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