Suffolk Life reports £5bn assets under administration

The group's portfolio has doubled since the launch of the MasterSipp in 2007, with assets under administration increasing by £1bn since October 2011. Commenting on the growth, Greg Kingston, head of marketing, said: "Staff numbers are broadly the same as three years ago, yet as well as looking after a significant number of new SIPPs we've also driven through significant legislative change. That demonstrates efficiency and good scalability to grow our business further in the future." The group's assets include 2,635 properties valued at around £800 million. £3 billion is invested in co...