Tavistock executives slash pay amid coronavirus pandemic

The move, which took effect immediately (8 April), sat alongside a range of other measures the business had put in place to keep the it in "the best working order" during the crisis.

The firm said no dividend would be paid to its shareholders at the present time, and a comprehensive strategic review was underway with a view to cut costs from the business.

Tavistock Investments chief executive Brian Raven said: "The key measure of leadership is how well it performs under difficult circumstances. Tavistock is led by a strong, experienced and unified team who have clearly demonstrated their commitment to the business and its staff.

"We continue to look after the financial advice needs of our tens of thousands of underlying clients, and to manage their assets in our customary active, efficient and disciplined manner."

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