Royal London switches from James Hay as SIPP book administrator

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 is scheduled for completion in November with its delivery term running for an initial three-year period. "We are very pleased to win this competitive tender and happy to say we met all the necessary business and due diligence requirements," said @SIPP managing director Eddie McGuire. "The wider SIPP market is going through a turbulent time at the moment so we are proud to prove our credentia...