Dentons reveals SIPP expansion plans

The firm says it sees a number of opportunities to grow through acquisitions as smaller providers are hit by the effects of falling interest rates. Business development manager Martin Tilley says Dentons will look to benefit from consolidation in the SIPP market through acquisitions and organic growth. He believes cuts in interest rates will affect the revenues of firms that rely heavily on trail from money in cash accounts. "Some providers are making as much as 25% of their revenue by taking a cut from cash interest and, if interest rates fall further, they simply won't have the inco...