Dentons Pension Management has acquired RSM Tenon's bespoke self-invested personal pension (SIPP) arm Tenon Pension Trustees for an undisclosed sum.
The acquisition will see Dentons add about 650 SIPP plans to its existing book of high value SIPPs. Martyn Rose, chairman of Dentons, said: "We have made no secret that we are acquisitive, but it has to be for the right businesses or books of SIPPs. We are therefore very happy with the acquisition as it is a perfect fit for us being high quality and with the same underlying ethos of placing the client at the heart of everything we do. "We are committed to the SIPP and SSAS market and despite the current market uncertainty over capital adequacy we are a strong and well capitalised busi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
