Displaying items by tag: SSAS News

SIPPs and SSAS firm Talbot and Muir has boosted assets and SIPPs.

The results for the half year to 30 June revealed continued growth with an 18% increase in new SIPP cases and a 58% increase in SSAS cases for the same period in 2018.

Meanwhile, assets under administration increased to £2.86bn and projected current year EBITDA was £1.8m with a 20% increase in the number of advisers using the firm.

Recurring income now represents 88% of turnover.
 
The firm says the SIPP and SSAS sector continues to be competitive with advisers using them for not only their complex cases but also for single asset or DFM options.

Despite the change of direction of some SIPP providers towards the platform market, Talbot and Muir says it is benefiting from “the vacuum left behind” and has benefited from a “growing number of Introducers who prefer the open architecture and personal service of a ‘pure SIPP’ which is often a cheaper solution than offered via a platform”.
 


Brian Talbot, director, Talbot and Muir, said: “We pride ourselves on our service and the value of our products and unlike some of our larger competitors we are making a genuine profit.

“We believe that the SIPP and SSAS sector will continue to grow but that there is likely to be more consolidation and we remain acquisitive for good quality books of business that will enhance our position as a leading independent provider.
 
“We have doubled the size of our office space, having recently moved to a new 10,000 square feet office within Nottingham city centre.   

“The new space is contemporary, open-plan and will enable us to continue growing as we appoint new staff to ensure service levels are maintained.  

“We are upgrading our back office systems with Delta which will continue to improve the portal functionality and client/adviser reporting that we offer.
 
“There has been a 20% increase in the number of new advisers using us for the first time as they look to review their SIPP and SSAS administrators to ensure they remain committed to the market and are continuing to innovate and invest in their businesses.”

Chartered Financial Planner Gavin Wood of Beckett Financial Services, in Suffolk, talks about how a SSAS was used to good effect to help two business owners sort out their business and personal planning.

SIPPs firm GPC SIPP Ltd has gone into administration.

Mattioli Woods to expand SIPPs availability in Northern Ireland with £4m acquistion of Belfast-based SSAS Solutions.

Xafinity SIPP and SSAS has cut fees on its SimplySIPP product and upgraded technology for advisers.

Xafinity SIPP and SSAS Services, part of the XPS Pensions Group, has reported an increased level of activity in commercial property transactions in 2018.

SIPPs and SSAS specialist Dentons Pension Management has announced the appointment of David Fox to its board in recognition of his contribution to the business. 

A new poll has revealed a majority of advisers foresee further consolidation in the SIPPs market.

Martin Tilley, former director of technical services at SIPP provider Dentons Pension Management, has moved to Hurley Partners where he has been appointed pension director.

Greyfriars’ SIPP book sold for £820k, newly-published documents have revealed.