UK - The £4.5m takeover of Ernst & Young Financial Management by IFA Cavanagh has been given the go-ahead by the Financial Services Authority.
The deal will create a UK-wide group with 200 employees in 11 branches.
Cavanagh chief executive Andrew Fay said: “We can now become a major UK force in providing financial advice to high net worth individuals across the UK.”
The group will continue to service high net worth individuals within Ernst and Young LLP.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.