View more on these topics

Dentons looks to buy Sipp firms

Dentons Pensions Management is on the acquisition trail and is holding talks with a Sipp provider. Dentons has launched two new products, the flexible pension scheme Sipp which allows the use of scheme pension and a lower-cost single-portfolio Sipp.

Business development manager Martin Tilley says: “We are interested in buying a like-minded business which offers a similar range of Sipp investments, good quality service and a similar price to us.

“We have chosen potential targets based on their features and services. We are meeting with one firm that looks like it fits the bill.”

The new flexible pension scheme Sipp allows people to guarantee their scheme pension for up to 10 years.

Dentons says this eases the tax burden which would be applicable on the death of clients aged over 75 as a significant portion of the pension will be used before tax is levied.

The single-portfolio Sipp is a simplified Sipp for investors who want to create a single, lower-cost bespoke, discretionary portfolio.

The company says the product will be managed by specialist portfolio managers operated within a default high-interest cheque account.

Recommended

Transfer times cut by three weeks in a year

The average open market option transfer time using the Association of British Insurers’ Options programme increased by 44 per cent to 11 days in the second quarter of this year with some providers taking nearly four weeks to process transfers.

CII calls for associates to become examiners

The Chartered Insurance Institute is offering associates the chance to earn money and gain continuing professional development points by becoming examiners.

Executive director role for Earls

Equitable Life has appointed Mark Earls as executive director. He joined Equitable in 2002 as head of operations and programmes.

 Article 50 Q&A: The negotiations to watch for 

Holly Cassell, Assistant Manager of the top-performing Neptune UK Mid Cap Fund, discusses the potential near-term impact of Article 50 and the Brexit negotiations that she believes investors should pay most attention to. Read article here Important information  Investment risks  Neptune funds may have a high historic volatility rating and past performance is not a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment