Smith & Williamson
Tilney and Smith & Williamson merger delayed
‘Unprecedented circumstances have inevitably led’ to a postponement in the M&A deal
UK temporarily changes insolvency laws amid pandemic
Firms undergoing rescue or restructure can keep trading to avoid winding up
Coronavirus reportedly puts M&A deal on brink of collapse
Immediate focus for both firms is ‘clients and employees during this very demanding time’
Hartley Pensions acquires Sipp business of insolvent firm
But customers retain the right to complain to the Financial Services Compensation Scheme
Tilney and Smith & Williamson merger stalls
Both ‘remain fully committed’ to the deal despite FCA raising ‘number of issues’