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Brooks Macdonald Group plc says UK budget ‘broadly positive’

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Published on Mar 17, 2016

“What the pension market needs and what the public needs is to be able to see consistency so they can plan for the years ahead.” That was Andrew Shepherd’s prognosis of this week’s budget announcement by UK Chancellor of the Exchequer George Osborne which avoided big changes to pension legislation.

Shepherd is the deputy chief executive of wealth manager Brooks Macdonald Group plc (LON:BRK), which consists of six principal companies including retirement planning services.

The budget coincided with the company announcing half year results which revealed a 22% rise in pre-tax profit due to across-the-board growth in the company’s asset management, international and funds divisions.

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