FINANCIAL ADVISER firm Chase de Vere is reported to be up for sale because its parent group no longer believes the firm will make money, this morning's Sun newspaper reports.
BANK OF IRELAND is said to be discreetly seeking offers of between £10-15m for the business, which it bought for £110m in September 2000. Despite cutting around 350 jobs at the Bath-based firm last year, Chase de Vere has never made a profit for Bank of Ireland, according to the Sun. THE GOVERNMENT has apparently over-estimated how much it has paid out in tax and National Insurance relief on pension contributions since 1998 by almost £20bn, says the Daily Telegraph. The Inland Revenue and the Office for National Statistics been forced to make an embarrassing adjustment to its pensions...
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