Sanlam to continue acquisition spree as it introduces hiring freeze

The firm, with more than 500 UK staff, will continue to push ahead with acquisitions and plans to acquire about six more businesses during 2020, it told Professional Adviser. Sanlam head of UK intermediary distribution Lawrence Cook said the firm put a "moratorium on recruitment" as the pandemic intensified in late March: "We're not continuing to hire at moment….It's obviously a shame in the business because there'll be managers across the whole company that were hoping to recruit, but I think a sensible plan at this juncture is just to hold on to what you've got and see how it pans out....