IFG Group, the owner of self-invested personal pension (SIPP) provider James Hay Partnership and IFA firm Saunderson House, has confirmed the sale of its international division.
The division was sold to private equity firm AnaCap for £70m. The sale was approved by shareholders at an extraordinary general meeting on 18 June 2012 and the proceeds have now been received by the company in full. The company's international division was made up of trustee and corporate services in Jersey, Cyprus, Switzerland and the Isle of Man.
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