Sipps
STM to buy London & Colonial, Rops fee waiver impacts results
STM Group has entered into a conditional agreement to acquire UK Sipp provider London & Colonial and its subsidiaries for nearly £5.4m ($7.2m, €6.4m).
Praemium to buy UK Sipp provider for int’l expansion plans
Australia-headquartered platform technology firm Praemium is to buy UK Sipp provider Wensley Mackay as part of its international plans to tap into the opportunities created by the UK’s radical pension freedom reforms.
Retirement | 25 Aug 16
UK rate cut to increase platform fees, says James Hay
IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.
United Kingdom | 4 Aug 16
ABI reports 10-fold rise in use of Sipps post-pension reforms
The number of savers using self-invested personal pension schemes (Sipps) has increased 10-fold in recent years, data from the Association of British Insurers shows.
United Kingdom | 1 Aug 16
Ex-boss of failed UK platform Avalon charged with fraud
The former boss of collapsed UK platform Avalon Investment Services is to appear in court next week in connection with alleged fraud offences, British authorities have confirmed.