Tenet has unveiled an operating profit of £1.74m for 2008, a fall of 52 per cent from £3.61m in 2007. This is largely due to the £1.75m start-up costs for Sinfonia Asset Management and its PI arm Paragon Insurance Services Guernsey.
The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.
Curtis Banks has backed the Sipp market to bounce back from the reputational hit of defined benefit transfers and non-standard asset failures as the firm posts another growth in sales. Revenue increased by 6 per cent to £46.1m and adjusted profit before tax increased by 13 per cent to £12.1m. The number of new Sipps […]
Support service provider SimplyBiz has begun to deploy some of the funds raised from its stock market float with a deal to buy ratings and technology business Defaqto. SimplyBiz will pay £74.3m to acquire the entire issued share capital of Regulus Topco Limited, Defaqto’s parent. On completion, Defaqto will have £3.4m in cash on its […]
The boss of Westpac, one of Australia’s largest banks, has said that its decision to exit the advice market “has not been taken lightly” as the firm looks to restructure its wealth management division. In an update posted on the London Stock Exchange’s news service, the bank confirms its decision to pull out of the […]