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 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment