Suffolk Life buys EPM

Close-up image of a firm handshake between two colleaguesLast month we reported that European Pensions Management Ltd (EPML) had gone into administration. It has now been revealed that EMPL has been acquired by Suffolk Life, which itself was bought by Curtis Banks in January of this year. Administration EPML, which started trading in 2001, went into administration on 21st June 2016. In a statement on its website, administrator, Smith & Williamson, said: “Clients of the Company (EPML) should now be aware that following a number of sales undertaken by the joint special administrators, all ...

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: Suffolk Life buys Pointon York SIPPs

Suffolk Life buys Pointon YorkFollowing the recent acquisition of the Alliance Trust Select SIPP by Curtis Banks, the consolidation in the SIPP market stepped up a pace yesterday, with the purchase of a number of Pointon York SIPPs by Suffolk Life. Need advice on your SIPP? SIPP Advice Contact our ...