View more on these topics

Xafinity targets Sipp buys

Xafinity is eyeing up Sipp specialist firms as potential acquisition targets in a bid to grow its presence in the individual pension market.

The firm bought up Sipp and SSAS provider Hazel Carr in April last year and relaunched the Sipp under the Xafinity brand in October.

Xafinity believes now is a good time to snap up firms that are feeling the pressure of low interest rates and falling stockmarkets.

Director of self-invested pensions Andy Bowsher says: “We have had high-level discussions with four firms about potential acquisitions. We know there is interest out there.”

He says Xafinity is “watching the group Sipp market carefully”.

Meanwhile, admin arm Xafinity Paymaster has expressed disappointment at its failure to get on the shortlist of the Personal Accounts Delivery Authority administration tender.

Director Clare Ward says: “Pada has chosen large-scale defined contribution players and the fact that the majority of firms are based abroad is obviously not an issue for them.”


IFA support for flexible annuity products grows

A total of 73 per cent of advisers believe that flexible annuity products offer a valid alternative to conventional annuities and income drawdown, according to Lincoln Financial Group research.The figure compares with 55 per cent in 2007, when the firm conducted the same survey among 200 advisers.According to Lincoln’s research, 12 per cent of advisers […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm