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Mansion mystery in Network Data HQ sale

Network Data has refused to confirm if the sale of its Bot- leys Mansion headquarters in Surrey went through last week.

In an email to brokers seen by Money Marketing in January, chief executive Richard Griffiths confirmed the sale was due to complete at the original asking price of £5m on or before March 20, aimed at quashing rumours that the sale had fallen through or the offer price had been reduced. But estate agency Knight Frank is still marketing the property at a guide price of £5m. In recent weeks, it has been advertised on the estate agency’s site at a lower price of £4.5m.

Money Marketing revealed last week that the network is blaming “human error” for delays in commission. Last October, chief executive Richard Griffiths blamed “technical system errors” for the slow payments.

Network Data was unavailable to comment.

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Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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