Multiple jobs in danger at Berkshire wealth management company

A Berkshire-based wealth management company will make redundant 51 members of its operations team in a bid to streamline its activity, a recent news report in the local business media has been able to reveal.

Bellpenny said that while a total of 51 employees are currently in consultation, the final number of redundancies is expected to be lower.

The only area of the business to be affected is the operations team, which currently consists of 140 staff. The two offices affected are Reading and Birmingham.

Chief executive Nigel Stockton said: "We have acquired, and successfully integrated, 32 IFA businesses in the past three years, including ten in the last ten months alone.

"This has been a huge operational task requiring a substantial back office team. It should be no surprise that, now we’re a more mature business, the shape of our organisation needs to adapt to our future needs – especially given that we’ll be acquiring fewer, but larger, businesses moving forward.

Reducing one’s workforce is never an easy task, but Time & Attendance South East can help firms navigate easier through these troubled times.

Our systems are user-friendly, innovative and designed for the working environment. They also offer a wide array of features, such as support for contactless smart cards (which would really come in handy in a busy, dusty construction environment), as well as optional finger print biometrics and mobile phone SIM card support.

Moreover, the multi-user, networked, multi site Time and Attendance, Access Control, Fire Roll Call and security system includes European Working Time Directive checking and reporting and allows administrators to save up to 2000 employees, supports extensive shift management and payroll-related operations, the allocation of various pay bands, and much more.

If you’d like to find out more about the extensive range of solutions supplied by Time & Attendance South East, just contact us, we’ll be more than happy to answer any question or query you might have.