Plans for a new executive pay scheme at Financial Planning firm and takeover target Tavistock have fallen through after shareholders failed to support the move.

Financial Planner and wealth manager Tavistock has criticised an an unexpected and unwelcome takeover offer from a new company as undervaluing the business and providing little benefit.

The takeover of rival Merian helped bolster Jupiter’s annual results for 2020, the company reported today.

The London Stock Exchange Group has completed its £20bn acquisition of global data provider Refinitiv in an all-share deal.