Open Annuities, the UK parent company of London & Colonial Assurance, has acquired The Fiduciary Corporation, a UK SIPP specialist trading as L&C Pensions.
L&C pensions operates and administers SSAS and SIPPs as well as handling the UK administration and distribution of London & Colonial’s self invested annuity products, including Open Annuity and New Open Annuity. Ken Wrench, group CEO, says the two companies will continue to operate in their own areas as usual. “By combining forces both companies will be able to enhance and improve their respective self-invested product propositions. “At the same time, the newly-formed group will be able to share resources in the development of new and innovative self-invested products to complement it...
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