P-Solve records most profitable year

The investment consultancy and pensions manager expects further growth to come from defined contribution schemes

P-Solve, the UK-based investment adviser and manager, swung from a loss of over £33,000 in 2011 to its highest-ever profit of £5.3 million last year.

Its chief executive said it was "seeing the benefits of having invested in the business in the past 2-3 years".

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire