Bookmark Us
Client wins at James Hay fell by 22% in the first 10 months of the year according to parent company IFG’s latest trading update.
It is almost exactly one year since Revenue Scotland reversed its decision to levy Land and Buildings Transaction Tax (LBTT) on in-specie transfers between SIPP or SSAS providers. The reversal followed almost two years of industry debates, and indeed efforts to have the original decision overturned.
Curtis Banks, one of the UK’s biggest SIPP providers, has completed the purchase of wealth manager Hargreave Hale’s £180m SIPP book.
Platform and SIPP operator AJ Bell’s market capitalisation is will be “approximately £651m”, the company has revealed.
Independent SIPP and SSAS firm Talbot and Muir has called for standardised NSI reporting.
International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.
PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.
The Association of Member-Directed Pension Schemes (AMPS), the industry body representing SIPP operators and SSAS practitioners, has today revealed Claire Trott of St James’s Place Group has been appointed as its new chairman.
The SIPP sector is facing up to a growing threat from ‘ambulance chasers’ – litigation claims firms trying to encourage clients to make complaints.
Platform and SIPP firm AJ Bell has confirmed plans for a float on the London Stock Exchange next month with the company valued at up to £500m.

Major shareholders Invesco Perpetual and chief executive Andy Bell will have an opportunity to sell down their stakes in the business while broadening the firm’s shareholder base.

Invesco currently has a 44 per cent stake which it is expected to sell down to around 25 per cent.

Mr Bell holds 28 per cent of the business and is expected to retain around a quarter.

AJ Bell says the float would enhance its brand, extend its shareholder group, assist in recruitment and incentivisation and help with its growth strategy.
Page 9 of 53

News from Twitter