£57,000 fine and £825,000 contribution to investigation
Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments, is entering liquidation because it can't finance redress payments to clients....
RSM Tenon group has appointed administrators and has suspended its shares following an announcement this morning that a takeover deal by Baker Tilly has fallen through.
Accounting firm Baker Tilly has confirmed it will not make an offer for RSM Tenon Group.
Advisory and accountancy group RSM Tenon has conceded that, should an offer for the business be forthcoming from Baker Tilly, its high debts mean "minimal value, if any" will be attributed to its issued share capital.
RSM Tenon head of wealth management John Porteous has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.
Baker Tilly has announced that it will pay cash for RSM Tenon, following an investors' notice last week that it was considering the acquisition.
RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.
Advisers must be "very vigilant about providers approaching their clients direct" by making sure they get as close as possible to them over the coming months, a partner at RSM Tenon has said.