Royal London switches from James Hay as SIPP book administrator

Glasgow-based @SIPP to take over administration services

Hope William-Smith
clock • 1 min read
Glasgow, Scotland: Headquarters of @SIPP
Image:

Glasgow, Scotland: Headquarters of @SIPP

Royal London has appointed @SIPP as the administrator of its self-invested personal pension (SIPP) book after a lengthy tender process.

The mutual said Glaswegian firm @SIPP - which has £1.95bn assets under administration, 4,400 clients and 550 financial advisers - had undergone "stringent due diligence". The migration to @SIPP ...

To continue reading this article...

Join Professional Adviser

 

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Lifeboat fund issues reassurance for DB scheme holders

Lifeboat fund issues reassurance for DB scheme holders

The PPF speaks out after the BoE’s moves to stabilise markets

Hope William-Smith
clock 30 September 2022 • 1 min read
Where to next? Looking to the future after ten years of auto-enrolment

Where to next? Looking to the future after ten years of auto-enrolment

Tomorrow marks one decade since the introduction of streamlined saving

Hope William-Smith
clock 30 September 2022 • 5 min read
Yield surge to 4.2% on ten year gilts bolsters DB pension funding levels

Yield surge to 4.2% on ten year gilts bolsters DB pension funding levels

Yields on benchmark UK government bonds have risen more than four-fold

Jonathan Stapleton
clock 27 September 2022 • 1 min read