B.P. Marsh & Partners Plc’s Investee Company To Cease The Provision Of DB Pension Transfer Advice

B.P. Marsh & Partners Plc’s (AIM:  BPM), investee company LEBC Holdings Limited, which owns LEBC Group Limited, has updated that after the FCA’s review of LEBC Group on the division of the business that provides DB pension transfer advice, the company has agreed voluntarily to cease the provision of DB pension transfer advice and projects, forthwith. The decision will reduce the LEBC Group’s valuation and will impact the overall NAV (net asset value) of the whole group.

On 2nd September 2019, at the time of writing, GMT 10:19 AM, BPM shares were trading at GBX 217.00, down by 48.00 points or 18.11% against the previous day closing price.