At its peak the company held deposits totalling £95m, managed £250m of funds and looked after 29,000 pensions.
Demise of the business
By 1975 the company was in financial difficulties. The problems with Slater Walker led to support by the Bank of England. Following the takeover of Slater Walker by the Bank of England, 15 charges were brought against Slater for offences against the Companies Act by the Department of Trade — the misuse of more than £4,000,000 of company funds in share deals. The case was thrown out in 1977. The business was subsequently renamed Britannia Arrow. After the purchase of INVESCO and Montagu Investment Management, the company was renamed INVESCO MIM in 1990. (The MIM was later dropped). After a merger with AIM Investments, the company was renamed Amvescap.
- How Harold Wilson stepped in over Slater Walker debacle
- The provision of financial assistance to Slater Walker Bank in 1975
- "Slater Walker now Britannia". The Glasgow Herald. 1977-07-08. Retrieved 2014-10-08.
- Chernoff, Joel (1994-07-25). "INVESCO'S U.K. BUSINESS HIT HARD". Pensions & Investments. Retrieved 2014-10-08.
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