Sipp provider Barnett Waddingham has bought adviser firm Chase de Vere’s Sipp and SSAS business in a deal which will see it take on 250 Sipps and 275 SSAS schemes.
Barnett Waddingham has not disclosed the cost of the deal and says it has increased its Sipp portfolio to around 2,975 schemes equalling around £1bn assets under administration.
The firm’s SSAS portfolio now sits at 2,500 schemes with around £4bn assets.
Barnett Waddingham acquired Sipp and SSAS firm Harsant Pensions last month.
Barnett Waddingham partner Julia Bassett says: “It’s been an exceptional year for our Sipp and SSAS businesses, first with the launch of our new flexible Sipp and the purchase of Harsant Pensions in the summer, and now with the acquisition of Chase de Vere’s Sipp and SSAS book.”