View more on these topics

Succession Advisory Services posts £1.4m profit

Succession Advisory Services has reported a £1.4m pre-tax profit for 2014, up from £384,981 the previous year


The platform and consultancy business is part of Succession Holdings, which also owns national advice firm Succession Group.

It reported a 29 per cent increase in funds under management, from £1.6bn in 2013 to £2.1bn in 2014.

Turnover was £6.3m last year, up by 24 per cent from 5.1m in 2013.

The business is working with 72 member firms.

Succession Group chief executive Simon Chamberlain says: “Succession Advisory Services achieved strong performance in all aspects of our business in 2014.

“A key factor in the company’s success is that clients of acquired member firms are attracted to placing their investments on the Succession investment platform, because Succession Advisory Services is part of the same group as their advisory firm.

“This puts the company and Succession Group in a unique position in the marketplace and creates greater client security.”



Markets review to push for tougher punishments for traders

A Government review of UK markets is expected to call for more powers to ban individuals involved in misconduct. The FT reports the Fair and Effective Markets Review will also call for harsher sentences for insider trading and other forms of white-collar crime. The review was established by Chancellor George Osborne last June and aims […]


Ex-UBS trader appears in first Libor-fixing trial

The first person to be tried for the Libor-riggng scandal will appear in court today. Former UBS and Citi trader Thomas Hayes will appear in Southwark Crown Court today, the first such trial in the widespread rigging scandal. The court appearance comes three years after the Serious Fraud Office started its investigation into the wrongdoings. Hayes […]


Prime Minister kicks off talks on EU membership

Prime Minister David Cameron has met with European Commission president Jean-Claude Juncker ahead of a round of talks to renegotiate Britain’s membership of the European Union. The BBC reports that at a meeting at the Prime Minister’s Chequers residence, Cameron told the EC president the UK has concerns about its relationship with the EU. A […]

FCA logo glass 3 620x430

FCA seeks to fine Keydata’s Stewart Ford £75m

The FCA is seeking to fine Keydata founder Stewart Ford £75m and ban him from financial services. In decision notices published today, the FCA is also seeking to ban former Keydata sales director Mark Owen and former compliance officer Peter Johnson. The regulator wants to fine them £4m and £200,000 respectively. All three individuals have […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment