Platform firm Nucleus is set to buy SIPP and SSAS provider Curtis Banks for £242m in an agreed cash offer. Nucleus will pay 350 pence for each Curtis Banks share, a 32% premium to the Curtis Banks share price on 24 November. Curtis Banks directors have recommended the all-cash deal to shareholders. Curtis Banks is one […]
Archives for January 2023
CII ‘sadness’ over PFS President’s resignation
CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board. Ms Phillips said the CII’s accusations of PFS governance failings as the reason for intervention were based on facts. […]
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‘Secret agreement’ charge fuels FINRA’s move to overhaul arbitrator selection
6 Ways to Improve Tight Margins in Your Restaurant
With the past two years of Covid behind us, we would all hope to start seeing great margins come back. However, even in a post-Covid time, there are still a lot of things that are jeopardizing those margins. Things like higher food costs, supply problems, and consumer behaviors have changed. Restaurant owners now see trends […]
PFS President Caroline Stuart quits over CII row
PFS President Caroline Stuart has quit the PFS board today with immediate effect. In a statement released at lunchtime, she says she is resigning with the “deepest sadness” and has called on PFS members to halt the “strip mining” of the PFS’s funds and to fight for the future of the body. Ms Stuart was […]
PFS member directors call for an EGM
PFS member directors and co-opted advisers on the PFS board have called for an Extraordinary General Meeting to be held in the next two weeks to find a way forward from the current deadlock with parent body the CII. In a statement released this morning from member directors and co-opted advisers on the PFS board, […]