Three things we learned this week

Hornbuckle sells 60% stake to private investors

Self-invested pensions provider Hornbuckle Mitchell has sold a 60.34% controlling stake in the business to two new private investors.

Multiple small dormant shareholders will leave the ownership group and all executive shareholders will continue to retain their full holdings.

The transaction has received formal Financial Conduct Authority (FCA) approval but is subject to standard closure conditions between the parties which will be completed shortly.

To read more click HERE

Pension advice essential during divorce, research finds

A fifth of women abandon paying into a pension after divorce and a quarter reduce their general savings, according to research from Phoenix Group.

The closed life fund consolidator said its study also revealed two-in-five divorced women (42%) were worse off after getting divorced. Additionally, half of divorced women made no contributions at all to a pension scheme while married, but only one in six had rights to a pension through their ex-husband.

"It's clear that divorced women face an uncertain future in retirement," said Shellie Wells, spokesperson for Phoenix Group. "Not only have many given up rights to their husband's pension provision, they have often stopped paying into their own pension plan; dipped into savings and at worst, lost contact with any savings they have accrued."

To read more click HERE

Tenet boosts ties with LV=

Life and pensions specialist LV= has strengthened its partnership with the Tenet Group.

As part of the tie-up the LV= regional sales teams will now provide their local Tenet advisers with on the ground sales and technical support.

The provider said it will also work with Tenet to provide advisers with technical updates and regular articles and in the second half of the year, LV= will host a series of pensions seminars for Tenet advisers.

To read more click HERE

 

 

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• Investment
• Phoenix Life & Pensions
• LV=
• Hornbuckle Mitchell