The recent decision by Revenue Scotland regarding Land and Buildings Transaction Tax in Scotland (LBTT) and its application to in-specie transfers between SIPP or SSAS providers brought to a close a period of almost two years of involvement for Morton Fraser in the debate surrounding the issue in Scotland, writes Fergus McDiarmid of Morton Fraser.
SIPP provider and wealth manager Mattioli Woods has today reported interim revenue up 16.9% to £28.4m (H1.2017: £24.3m) in the six month period ended 30 November 2017.
Dentons Pension Management Limited, one of the larger providers and administrators of SIPPs, has acquired Sippchoice, a London-based SIPP provider for an undisclosed sum.
SSAS provider Rowanmoor has been reappointed by Standard Life to provide administration for its small self-administered scheme (SSAS) portfolio for a 10-year term effective from 1 October.
Rowanmoor, the independent SSAS and SIPP provider, is waiving 100% of Rowanmoor SSAS new scheme and takeover set up fees between 1 October 2017 and 31 March 2018.
