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RSM Tenon picks new chairman after Martin steps down

RSM Tenon has appointed former Collins Stewart Hawkpoint chairman Tim Ingram as its new chairman to replace Adrian Martin.

Ingram left Collins Stewart Hawkpoint in March. He was previously a senior independent non-executive director of the Sage Group and Savills.

Ingram’s appointment comes after RSM Tenon said last month that Martin and deputy chairman Michael Findley were both stepping down after only three months in their roles.

RSM Tenon declined to give a reason for the departures. Martin will stay with the firm until June 22 to ensure a smooth transition.

In January, RSM Tenon said it was conducting a review which may lead to restatements of its accounts to June 30, 2011 as well as certain “non-recurring, non-cash charges” in the six months to December 31, 2011, which were not included in additional expectations.

In February, the firm announced it was cutting 10 per cent of jobs as part of a restructuring programme after a loss on continuing operations of £70.6m following an impairment of goodwill of £60.7m for the last six months of 2011.

Chief executive Chris Merry says: “This is an important time for the group and I am delighted that Tim has agreed to become chairman. We continue to make good progress with our cost-reduction programme and the development of our strategic plan.”


Rockingham clients rescued by Carey Pensions UK

Clients who invested their Sipps with collapsed IFA Rockingham have been given a lifeline with the transfer of their investments to Sipp provider Carey Pensions UK. Rockingham Independent was put into liquidation in March. The process of putting Rockingham into liquidation meant the firm had to apply to be closed down, and therefore could no […]


Voluntary ETV code rules out cash incentives

Employers will be banned from offering cash incentives to members of company pension schemes in return for giving up valuable benefits, under a new code of practice launched today. The voluntary code, published by the Industry Working Group on Incentive Exercises for Pensions, says no cash incentives should be offered that are connected to a […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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