Pensions opportunity for RSM Tenon
ACCOUNTANCY group RSM Tenon is looking to capitalise on Government changes to pension rules after announcing first quarter performance in line with expectations.
The company, which has offices in Harrogate, Leeds, Doncaster and Wakefield, said the next two years would see it focus on integrating acquired businesses.
Chief executive Andy Raynor said: “New opportunities have arisen from government announcements and changes to legislation. These changes will encourage further activity towards the second half of the year within taxation and investment planning.
“Increased recovery workloads in H2 are anticipated from gains in market share and the staffing of new locations.”
The company said that business from entrepreneurial clients had remained resilient benefiting its audit, tax and advisory and specialist taxation divisions and it was continuing to invest in its recovery service as it looks to increase market share.
RSM Tenon expects the effects of government spending changes on its risk management service to be limited but is hoping to see its financial management service take advantage of changes in pensions legislation “which are expected to have a major influence on revenue in the second half of the financial year.”
