LV= in talks to buy Hornbuckle Mitchell

IFAOnline understands the insurer and the SIPP specialist are negotiating a deal and there will be further developments in mid-September. In July, Hornbuckle Mitchell said it was looking for an "investment partner" to inject cash into the business to pay for its new IT system. It denied at the time this meant it was looking for an out-and-out sale of the business. In early August, Hornbuckle Mitchell announced it will create a separate business centre for its SSAS book, with a team of nine members of staff dedicated to this side of its operations. However, Mary Stewart, sales an...