Nucleus buys Sipp provider for £242m
Combined group will have £80bn in assets under administration
Combined group will have £80bn in assets under administration
There is no certainty that an offer will be made
After it offloaded advice company Saunderson House to Rathbones last year
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Over 90% voted in favour of the acquisition
In a bid to provide ‘greater certainty of execution’ for the wrap platform’s shareholders
They fear there will be a large number of jobs losses after it completes
Combined business will have around £45bn of assets under administration
There is reportedly one firm left in the running for the wrap platform
Majority shareholder Sanlam UK is said to be supportive of the discussions
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