View more on these topics

Tilney Bestinvest reshuffle puts 23 jobs at risk


Tilney Bestinvest is to make redundant or relocate 23 staff in its London team following a review of its execution-only business.

The staff in the London-based telephone support team for its online investment service will either relocate, be made redundant or pass into “other areas of the business”, the firm said.

Tilney Bestinvest says it has launched “a collective consultation to consider opportunities to minimise redundancies”.

If staff relocate they will move to the firm’s Liverpool office as part of plans to “centralise the business”.

The firm says: “Tilney Bestinvest confirms that having undertaken an operating review of its execution-only business with a view to positioning it for future growth, the firm has decided to relocate its London-based telephone support team for its online investment service to Liverpool.”

Tilney Bestinvest said the change will take place across the next six months to ensure “a smooth migration of the function”.

Tilney Bestinvest currently employs almost 400 staff and manages £9bn of assets.



MPs to probe ‘moving goalposts’ of state pension reform

The Work and Pensions committee is to follow its investigation of the retirement freedoms with a new inquiry into the state pension reforms. The committee says it is worried those close to retirement in particular may not understand the new system, having done most of their planning under the previous rules. It also raises concerns […]


Retirement Advantage’s tax-free cash stance branded ‘illogical’

Retirement income provider Retirement Advantage has been criticised for its  “illogical” stance on tax-free cash. The insurer pays a different annuity rate depending on whether a customer’s tax-free cash has been paid by their ceding pension pro-vider or by Retirement Advantage. Advice firm Plan Money was given two different annuity quotes for a £171,000 pot: £9,443 a […]


Tony Wickenden: The fine line between tax avoidance and evasion

Government action against tax avoidance has made the headlines on numerous occasions over the past few years, with significant developments in litigation, legislation and early tax collection, via a combination of follower notices and accelerated payment notices. Add to this the expansion of the disclosure of tax avoidance schemes, hallmarks to improve HM Revenue & […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm