iPensions Group acquires legacy specialist SIPP and SSAS business from Morningstar Wealth Retirement Services

by | Jun 10, 2024

Share this article

Growing specialist pension provider and administrator, iPensions Group, has acquired a portfolio of SIPP and SSAS business from Morningstar Wealth Retirement Services Ltd, acquiring the associated trust company and taking over as the operator and administrator.  

The acquisition builds on iPensions Group’s growth strategy driven by technology-enabled solutions combined with deep technical knowledge and administrative excellence.

The SIPP and SSAS business to be transferred to iPensions Group is a legacy off platform book and features a broad range of invested assets including the interests of the schemes’ members in property.  iPensions Group has a well-established specialist team dedicated to servicing clients’ property holdings within their portfolios.  

 
 

This latest acquisition is part of iPensions Group’s strategy to focus on opportunities to acquire SIPP and SSAS pension businesses that will benefit from iPension Group’s administrative and technical expertise and follows the acquisition of the Edinburgh-based SIPP provider, Forthplus.

Group Chief Executive Officer, iPensions Group, Sandra Robertson said: “This latest acquisition exemplifies our focus on identifying and transferring books of business where schemes and their members will benefit from our deep technical expertise and commitment to administrative and technological excellence supported by the highest standards of personal service.”

“We look forward to supporting Morningstar’s members and their diversified pensions assets which includes a focus on property that requires the specific pensions technical expertise we can offer.

 
 

Steve Owen, Director of Product Management, Morningstar Wealth commented: “Completing this deal is a milestone for Morningstar Wealth. It allows us to strengthen our focus on advancing our Platform and connected services. We are confident that iPensions Group will provide an excellent home for these customers, ensuring they receive the high level of service and support they have come to expect.”

Operating since 1998, iPensions Group provides a range of award-winning personal pensions for UK and non-UK residents, and services around 11,000 members across its wider group. With a wealth of experience as pension trustees and administrators, it combines innovative thinking with the security and confidence that comes from intense governance to ensure every client’s needs are met.

Share this article

Related articles

My Pension Expert achieves B Corp status

My Pension Expert achieves B Corp status

My Pension Expert has secured B Corp status, demonstrating the company’s ongoing commitment to meeting high standards of social and environmental performance. My Pension Expert, backed by Palatine Private Equity, is the UK’s leading at-retirement adviser. Based in...

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x