It is almost exactly one year since Revenue Scotland reversed its decision to levy Land and Buildings Transaction Tax (LBTT) on in-specie transfers between SIPP or SSAS providers. The reversal followed almost two years of industry debates, and indeed efforts to have the original decision overturned.
Glasgow-based SIPP firm @sipp has announced a two-fold increase in profits for the year ended 31 March.
STM Group, the cross-border financial services group which offers an International SIPP, is planning to expand its senior staff as the firm seeks to grow through acquisition.
Robo adviser Investec Click & Invest is planning to launch a SIPP by the end of the year, the company’s chief executive has revealed.
A skilled persons review has called for a raft of compliance and governance improvements at international SIPP and cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.