Standard Life sells stake in RSM Bentley Jennison

The provider sold the minority holding back to the company in the summer following its £76m acquisition at the end of last year by Tenon. The business now trades as RSM Tenon. Standard Life now no longer part-owns any IFA business after this week agreeing to sell its 15% stake in national IFA 2plan to Openwork. Distribution director Stephen Ingledew yesterday told IFAonline the company wanted to put "clear blue water" between itself "as a provider" and the delivery of professional advice. "We took a long, hard look at our distribution strategy last year and, with RDR round the corn...