Alliance Trust sells SIPP book to focus on platform growth

The acquisition will be tied up by the end of the year and all affected staff, both in Dundee and London, will be retained. Alliance Trust said while it would continue to operate in the pensions market through its Select SIPP its main focus would be its platform business. Rupert Curtis, managing director of Curtis Banks, commented: "This is a quality book of business and our retention of staff and processes will ensure ‘business as usual' while providing a strong foundation for future development. "Regulatory expectations are creating challenges for SIPP operators and we have devel...