Ascentric still waiting on £50m of Towry assets

MD Hugo Thorman says he is "disappointed" the transfers have slowed after confidently signalling the "beginning of the end" of the debacle in July after Towry started unblocking the transfer process. "The transfers are coming through slowly - there was a burst in July and August but a slowdown in September and I am disappointed this is still going on," he says. "This is taking a long time." He says the transfer process is only half-complete although £50m has already been moved across. It is understood the FSA is now looking into the matter and deciding whether Towry has a case to a...