Pension provider Rowanmoor has been bought out by Embark Group, the owner of rival business Hornbuckle.
Embark has taken 100% control of Rowanmoor Trustees, Rowanmoor Consultancy and Rowanmoor Personal Pensions. Rowanmoor said the group's acquisition was effective immediately and had been approved by the Financial Conduct Authority. Rowanmoor is a specialist in self-invested personal pensions (SIPP) and small self-administered schemes (SSAS). It also runs an advice business. The combined Embark business will administer more than £8.1bn in assets for some than 70,000 pension, investment and consultancy clients and meets capital adequacy requirements. Rowanmoor Group will be retai...
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