Money Partners in job loss talks

Money Partners is to consult staff about 65 possible job losses. The consultation, which is expected to start on Wednesday, will last for 30 days. No redundancies will be made during this time. Most departments will be affected but the firm insists there will be no disruption to its service. Chief executive officer Colin Sanders says: “The absence of liquidity and buyers for mortgage-backed assets means we have had to reassess the sort of business we want.”