The 25% share had been sold to a private investor seven years ago but this was recovered in the New Year following growth in turnover and profitability.
Answers in Retirement has completed a management buyback of 25% of the business and has now set its sights on expanding.
The 25% share had been sold to a private investor seven years ago but this was recovered in the New Year following growth in turnover and profitability.
Answers in Retirement said it means the group, which includes AIR Sourcing, Equity Release Club, and Later Life Academy, is now more able to raise funding and further expansion.
Stuart Wilson, group managing director at Answers in Retirement, said: “We are understandably delighted to have bought the shareholding back having worked closely with a supportive investor.
“This now means we are in a very strong position to seek new investment in order that we continue to grow and so that we can reach our very ambitious objectives for 2017 and beyond in the retirement market.
“It promises to be a very exciting year for the later life market and we will continue to ensure we are at the forefront of the sector offering a range of products and services for all advisers so they too have everything they need to develop their own propositions for a growing client base.”
In 2017 Answers in Retirement plans to expand the Later Life Academy, launch a consumer support proposition for the Equity Release Club and improve AIR Sourcing.
