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Barnett Waddingham buys Origen Ssas business

Mike-Kirsch-Origen-500x320.jpg
Mike Kirsch

Aegon-owned network Origen has sold its Ssas business to Barnett Waddingham.

The news comes on the same day Origen announced it has sold its Sipp business to Suffolk Life, in a move which saw it take on over 400 Sipp plans.

Origen says the sales have been driven by “increasingly complex needs of clients” and it will now look to focus on providing advice.

Origen chief executive Mike Kirsch says: “Following this review, we concluded that we do not have the scale to meet the future needs of this administration and trustee business.”

In March, Origen reported losses of £2.9m for 2012 and revealed a £6m cash injection from parent company Aegon.

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