Pointon York, which provides self-invested personal pensions (Sipps), is up for sale and has had several approaches from prospective buyers.
The organisation plans to conduct a formal sales process, whereby it will consider offers from parties interested in its entire issued, and to-be issued, share capital.
Pointon York’s board is aiming to meet a deadline for indicative proposals in mid-October and final proposals in the second half of November.
If the process results in the selection of a preferred bidder, the board may request that the preferred bidder obtains the necessary approvals from the Financial Services Authority before it announces any firm intention to make an offer.
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