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SIPP provider STM, the owner of the London & Colonial and Options SIPP businesses, has sold some of its Gibraltar-based businesses for just over £3m.

Sipp provider London & Colonial has been bought in a deal worth up to £5.4 million.
RateSetter, a UK peer-to-peer (P2P) lender, has moved into retirement savings with two Sipp providers – London & Colonial and European Pensions Management, enabling Sipp holders to lend within their pension tax wrapper.

With recent questions about the investment allowed in Sipps and some regulatory concern, the idea of a return to a permitted or 'whitelist' of investments is gaining ground.

Privately-owned independent Sipp, SSAS and retirement product provider London & Colonial is celebrating 25 years in business.
London & Colonial believes the RDR will mean advisers need to stop relying on off-the-shelf Sipps.
Pension specialist London & Colonial has expressed concern that some advisers may continue to promote questionable esoteric and overseas property developments.

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