SIPP provider IFG Group has received a second takeover approach from an unnamed company.
The group, which acquired James Hay for £35m in March last year, said the offer may or may not lead to an offer being made. It had initially received an appraoch from another company on 4 May. IFG Group bought James Hay in 2009 and merged the SIPP provider with the IPS Partnership to create the James Hay Partnership in 2010. James Hay Partnership handles 40,000 clients, £12bn in funds and works with 8,000 IFAs.
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