Openwork shareholders to split £2m dividend

The results, released on Tuesday, reported a £22.6m pre-tax profit resulting in its first-ever dividend of £2m. The UK's largest adviser network became majority-owned by the Openwork Partnership, which represents member firms, when Zurich divested its 25% shareholding in April last year. The results said the network had achieved its seventh year of profit growth. Profit before tax rose 18.3% in the year to 31 December 2018. Adviser numbers were also up by 262 to 3,865. Assets on the platform increased 11% to £6.9bn and mortgage lending volumes rose 21% to £16.4bn. Recruitment ...