Six and counting: No end to SIPP consolidation yet, says FinalytiQ

According to FinalytiQ's annual SIPP market report, the new, more stringent cap ad rules introduced last September "accelerated the demise of unsustainable ‘mom and-pop' SIPP operations". The research consultancy counted six cases of acquisitions and mergers in the SIPP market in the run-up and aftermath of the new cap ad rules and said the end of consolidation in the market was not reached yet. Among the firms was European Pensions Management, which went into administration in June 2016 and was subsequently acquired by Suffolk Life. Brooklands Pensions entered administration and acce...