Openwork partners take controlling stake after Zurich 'separation'
Insurance giant divests 25% shareholding
Mark Duckworth: "To be doing this independently – to have our destiny in our own hands – is exciting.”
Zurich has divested its 25% shareholding in Openwork, meaning the UK's largest financial advice network is now majority-owned by the Openwork Partnership LLP, which represents member firms.
The culmination of a strategy set out by Zurich when it created Openwork in 2005 will see the latter's employees retain a minority shareholding through an employee benefit trust. Openwork chief executive...
More on Companies
AXA IM expands senior roles amid restructure
New organisation
GAM shares plunge 30% on 2019 profit warning
Plans to scrap 2018 dividend
Royal London CEO to stand down by end of 2019
'Transformed into strong, single brand'
Royal London names Standard Life Aberdeen director as chairman
Has spent four years at SLA
Total Wealth Planning merges with multi-asset firm Apollo
New chairman appointed
More news
Tim Sargisson: Time to dust down the handcart
DB and a lack of alignment
DWP: Trials to boost pensions for self-employed to be launched 'imminently'
Encouraging better use of tech
Prando's Asset Management - 2018 Christmas quiz
Win one of three £20 Amazon vouchers
Multi-Asset Review: On the charge
Vanguard's multi-asset range
Back to Top