Barnett Waddingham deal nudges SIPP assets over £1bn

The deal will bring an additional 400 SIPP contracts and 70 small self-administered schemes (SSAS) to its existing book of business. The deal is the latest in a series which has seen consolidation in the SIPP market. It comes after the regulator finalised SIPP capital adequacy requirements earlier this month. Barnett Waddingham's acquisition of Wirral-based Harsant Pensions brings its SIPP portfolio to more than 2,725 schemes which equates to £1bn of assets under administration (AUA). Its SSAS book consists of 2,100 schemes with more than £3.6bn AUA. The deal also includes administ...