Rowanmoor eyes profitability after trebling SIPP sales

Rowanmoor Personal Pensions, the arm of the group that operates the SIPP and SSAS business, posted a net loss of £101,000 in the year ending 30 September 2011, following a loss of £199,000 the previous year, reports filed at Companies House show. However, after establishing three times as many personal pensions in Q4 2011 compared with the same period in 2010, the board of directors said they expected "a significant increase in the level of business for the foreseeable future". A total of 413 new SIPPs were sold between October and December, compared to 133 during the same period in t...