E-commerce provider Origo has today published an independently-researched White Paper highlighting how the complexities of the Sipp transfer processes are hindering service to financial advisers and potentially risking the reputation of the Sipp market.
Curtis Banks PLC has announced today that it has acquired the Full SIPP business of Alliance Trust Savings which will result in the transfer of almost 6,000 Sipps worth approximately £2bn in assets under management.
Martin Tilley, head of technical support at Dentons Pensions, has forecast that "a third to a quarter" of Sipp providers could quit the market in the next few years.
Sipp provider Hornbuckle Mitchell has cut its Sipps set-up fees by 30 per cent to celebrate its 30th anniversary.
Sipp provider and Institute of Financial Planning sponsor Suffolk Life has reached £5bn in assets under administration this month.