Tavistock executives slash pay amid coronavirus pandemic

Firm to undertake cost-cutting measures

Hannah Godfrey
clock • 1 min read

Bosses at Tavistock Investments have volunteered to waive a “significant proportion” of their income during the Covid-19 pandemic, a market update revealed this morning.

The move, which took effect immediately (8 April), sat alongside a range of other measures the business had put in place to keep the it in "the best working order" during the crisis. The firm said no dividend would be paid to its shareholders at the present time, and a comprehensive strategic review was underway with a view to cut costs from the business. Tavistock Investments chief executive Brian Raven said: "The key measure of leadership is how well it performs under difficult circumstances. Tavistock is led by a strong, experienced and unified team who have clearly demonstrated th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

CII publishes vulnerability data guidance for firms

CII publishes vulnerability data guidance for firms

Consumer Duty and GDPR

Cameron Roberts
clock 19 June 2026 • 2 min read
Baillie Gifford rolls out Sharia-compliant fund amid 'strong' demand

Baillie Gifford rolls out Sharia-compliant fund amid 'strong' demand

Follows engagement with Islamic finance scholars

Sophia Panayi
clock 18 June 2026 • 2 min read
Charging deceased clients accidentally 'more common' than advice profession would like

Charging deceased clients accidentally 'more common' than advice profession would like

‘The fee outlives the service because the records do not talk to each other’

Sophia Panayi
clock 18 June 2026 • 4 min read