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Liberty SIPP is to be wound up and its assets merged with rival EBS Pensions, part of the Embark Group.
Manchester-based Liberty SIPP has reported revenue up by 35% and assets under management up to nearly £3bn, in its latest annual results.
Investors have launched legal action against Liberty SIPP over allegations it cost them money through risky investments.
Liberty SIPP has posted its strongest ever year of growth with it now having £2.64bn assets under administration.
Liberty SIPP is expecting to hit the 10,000 SIPPs mark in the next few weeks as the business celebrates its 10th anniversary.
New investment platform Fundment - promoted as a potential ‘robo-killer’ - has added a low cost SIPP option to be administered by Liberty SIPP.
Two Sipp firms have reported profits in their latest results, with one returning to growth after two years of losses.
SIPP provider Liberty SIPP says it has nearly doubled the value of its assets under administration in the past year, breaking through the £1bn mark for the first time.
Nearly 1,500 new Sipps have been opened by Liberty Sipp in the last year, the company reported, as it revealed its assets under management have jumped by 81%.
Liberty Sipp has snapped up a sales manager from Talbot and Muir.
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