Harwood Wealth Management has acquired the £42m of assets under influence of Ascot-based retirement solutions specialist Plan65 for a purchase price that could reach £1.56m.
Following completion of the deal, P65's owners and founders, Keith Turner and Doug Rae, plan to retire while the acquired assets will be integrated into Harwood's subsidiary, Compass Wealth Management...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers