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...
Spent 56 years at Schroders
Warns on profits
Hargreave Hale seeking legal advice