Ashcourt Rowan reduces annual losses to £2.3m

The group reported funds under influence at £4.08bn, after revising down its £4.46bn estimate from September to £3.93bn. Group chairman Kenneth West said the results, "while clearly short of what we are seeking to achieve in the longer term, are very encouraging". Ashcourt Rowan achieved £4.1m of targeted £5.2m cost savings in the last year, including a "headcount reduction" of 43 jobs in the last six months, down to 330 from 373. Chief executive Jonathan Polin (pictured) said the group's financial planning arm had undergone "a fundamental change" in the last six months, with its R...