Montpelier prepares to sell SIPP arm

clock

Montpelier Pension Administration Services (MPAS) is planning to sell its SIPP business.

MPAS, the SIPP administration services arm of Montpelier Wealth Management, has around 1,200 SIPPs on its books. In March, MPAS announced it would take on no new SIPP business as the directors considered the direction of the company. However, MPAS accounts to 31 December 2010 reveal "the directors are seeking to sell or transfer the existing SIPP business". The independent auditors' report says: "There is inherent uncertainty surrounding the costs and timescale of any sale or transfer due to the nature and complexity of some of the investments held within the SIPPs. "These condi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Bridging the generational pension confidence gap

Bridging the generational pension confidence gap

'The knowledge gap is universal'

Robert Cochran
clock 27 November 2025 • 5 min read
Warnings of 'damaging' pre-Budget pension speculation impact

Warnings of 'damaging' pre-Budget pension speculation impact

Commentators say speculation on pension issues has negatively impacted saver confidence

Jasmine Urquhart
clock 27 November 2025 • 3 min read
No change to tax-free lump sum is 'welcome' move

No change to tax-free lump sum is 'welcome' move

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

Holly Roach
clock 27 November 2025 • 3 min read