Bespoke Sipp provider Talbot and Muir has acquired the Sipp and SSAS business of the Attivo Group.
The deal – for an undisclosed amount – will see Talbot and Muir take over responsibility for 1,070 Sipps and 14 SSAS.
The firm’s assets under adminstration now total £1.8bn.
Attivo says it wants to focus on its financial planning business.
Talbot and Muir director Graham Muir says: “The acquisition of the Sipp and SSAS administration business of Attivo Group is an important part of our growth strategy. We are focused not only on acquisitions but strong organic growth.
“Attivo Group have a well-managed book which is not only a good fit with our business, but will also provide a significant boost to our scheme numbers and financial strength. As well as maintaining a strong strategic partnership with Attivo Group going forwards we remain acquisitive and further deals are being considered.”
Attivo chief executive Stephen Harper says: “Our focus is to build on and expand our Chartered, Independent financial planning business, and it became clear that our Sipp and SSAS clients were better served by a company with a specialist focus on pensions administration.”