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Two firms have struck a deal to create a "sophisticated portal" for administering UK Sipps and SSAS.

Barnett Waddingham has purchased Chase de Vere's Sipp and SSAS book for an undisclosed fee, it announced this morning.

IFG Group, which owns Sipp and SSAS wrap provider James Hay, has sold its Irish pension and advisory business to Willis Ireland for £10.8m.

Barnett Waddingham has purchased Harsant Pensions for an undisclosed figure, in a deal which will see the firm add more than 400 Sipp and 70 SSAS clients to its existing book of business.

A Sipps firm has backed the FCA's new capital adequacy rules and announced it has acquired the Sipp book from a pension administration provider for an undisclosed sum.

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