SIPPs: New capital adequacy rules to decimate the SIPP market?

iStock_000003051325XSmallThere is growing concern that continuous regulatory change, including the FSA’s recent proposals to increase the amount of capital SIPP (Self-Invested Personal Pension) providers must hold, will force large numbers out of business. Commenting in the latest Money Management SIPP survey, one leading SIPP provider has said that up to 80% of SIPP providers could disappear through a combination of mergers, takeovers or exists from the market. Speaking to FT Adviser, Chris Smeanton, Head of Product Development at James Hay, said: ...

SIPPs: Dentons buys RSM’s Bespoke SIPP book

B handThe specialist self-invested pension provider, Dentons, has announced it has agreed to buy RSM Tenon Pension Trustees for an undisclosed sum. The deal follows hot on the heels of Suffolk Life acquiring a number of SIPPs (Self-Invested Personal Pensions) from Pointon York and Curtis Banks buying the bespoke SIPP arm of Alliance Trust. Large expansion Dentons are a leading provider of self-invested pensions and have been trading since the 1970’s, specialising in SIPPs since 1996. The deal will see the company add 650 SIPPs ...

SIPPs: Curtis Banks buys Alliance Trust SIPPs

Curtis Banks buys Alliance Trust SIPPsHas the long awaited consolidation of SIPP providers started? Curtis Banks has announced that they will be buying the Full SIPP Business of Alliance Trust. Alliance Trust run two SIPPs (Self Invested Personal Pensions), the Full SIPP, which allows access to a wide range of investments and the Select SIPP, which is more restrictive. Need advice on your SIPP?...

Investments: Alliance Trust increase charges

Alliance Trust, a favourite of DIY investors, have increased its charges on their Stocks & Shares ISA (Individual Savings Account) in a move that many financial experts believe is a direct result of new FSA (Financial Services Authority) rules to be bought in at the start of 2013. Retail Distribution Review The Retail Distribution Review, or RDR for short, will come into effect from 1st January 2013 and will stop platforms, such as Alliance Trust, taking payments from investment funds. At present many investment funds pay part of the Annual Management Charge, which is paid by investors, back to the platform. The ...