James Hay Partnership is to take on Capita's self-invested personal pension (SIPP) book, subject to agreement with each holder.
Completion is due by the end of the first quarter next year. Additionally, James Hay said it will work with Capita to take on the SIPPs of a number of Capita's "significant" corporate partners. Alongside Capita, it will create a dedicated team to manage the transfer, it added. James Hay Partnership CEO Alastair Conway said: "We've worked hard with Capita to make sure that the business we receive comes onto James Hay Partnership in the same way as our new organic business. This means we are able to offer an enhanced service for the new customers, a favourable outcome for the other o...
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