A decision regarding RSM Tenon's dispute with its insurers could see the firm post a profit for the next financial year, according to an interim management statement.
RSM Tenon has been reimbursed £5.5m following the settlement of a dispute with its professional indemnity (PI) insurers over who should pay for costs arising from its Financial Services Authority (FSA) fine in 2010.
Dentons Pension Management has acquired RSM Tenon's bespoke self-invested personal pension (SIPP) arm Tenon Pension Trustees for an undisclosed sum.
RSM Tenon has appointed BDO as its new auditor following a tender process begun in December.
The regulator's vastly improved thematic communication and knowledge sharing means advisers should view it as a valuable resource, according to RSM Tenon's head of wealth management John Porteous.
RSM Tenon has said it will not re-appoint PricewaterhouseCoopers (PwC) as auditor of the company following a vote at the company's annual general meeting(AGM)today.
RSM Tenon's financial management division's 'heightened relationship' with the Financial Services Authority (FSA) has been downgraded after making '"major progress", according to the group's interim results.
RSM Tenon has reduced its client bank by almost 70% as part of its segmentation process in the run up to the implementation of the Retail Distribution Review (RDR).
Accountancy and advisory group RSM Tenon is facing legal action relating to its decision to shut its specialist tax business earlier this year.
The past 12 months have been "particularly challenging" for RSM Tenon's financial management arm, according to the chief executive Chris Merry.