James Hay parent to sell Irish advisory businesses for £10.8m

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IFG Group, which owns James Hay Partnership and high net worth IFA Saunderson House, has agreed to sell its Irish pension administration and advisory businesses for £10.8m.

The sale of IFG Pensions, Investments & Advisory Services to Willis Ireland for an initial sum of £9.2m is part of a wider project to streamline its advisory operations. IFG Pensions, Investments & Advisory Services comprises adviser outfits Retirement Strategies and IFG Private Clients, as well as pensions consultancy and administrator IFG Pensco. It also includes professional trustee company Planlife Trustee Services and broker Trade Credit Brokers. The group also announced it is in advanced discussions in relation to the disposal of the general insurance businesses ARB and Insur...

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