Millfield has attempted to reassure its members commission and salary payments will be made on time by issuing a memo about recent developments.
The move follows an announcement by the company on 22 June stating it is now “highly likely” the company and at least some of its subsidiaries will be placed into administration. Millfield has issued a memo stating it is sure “the events surrounding the suspension of our shares and the market communication yesterday has caused concern and angst amongst all. But with the weekend approaching it is only appropriate to write to you further to explain more the reasons for this initiative and the next steps we are taking". The chief executive Alan Easter, who joined Millfield in March, says a ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes