Rowanmoor reports record SIPP take up

The pension specialist recorded a 107% rise in the number of schemes written in its trading year 2011/12. The growth brings the total number of schemes administered by the group to more than 6,800, with assets under admnistration of £3.4bn. Ian Hammond, managing director of Rowanmoor, said: "The new business figures recorded during the latest trading year show the momentum that Rowanmoor and its products have now achieved." The group's annual turnover, meanwhile, grew by 9% to £12.2m compared to 2010/11. Hammond said the group expects profits to excede the previous trading year ...