Alltrust Services completes Rowanmoor SIPP book purchase

Joint administrators Adam Stephens and Christopher Allen of Evelyn Partners completed the sale on 3 March following exchange of contracts in December last year. The deal also includes Rowanmoor's family pension trust (FPT) business. The SIPP provider went into administration in August last year. The Financial Conduct Authority (FCA) confirmed the insolvency was linked to client complaints about historic high-risk non-standard assets. It said at the time: "Rowanmoor received complaints about historic high-risk non-standard assets and for not carrying out adequate due diligence before a...