Investment management and advisory group Tilney Bestinvest has said more than 20 staff will be affected by a decision to relocate part of its London operation, following a review of its execution-only business.
Some 23 staff in "non-advisory" roles will be impacted by a decision to move its London-based telephone support team for its Online Investment Service to Liverpool, the group said in a statement. A consultation has begun with a view to minimising redundancies, it added. It follows a review of its execution-only business "with a view [to] positioning it for future growth". Any changes will take place across what it said would be a "transitional" six-month period, ending next April. The Online Investment Service is the group's research-based do-it-yourself proposition, complementi...
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