News

Consumer Duty ‘will boost consumer retail investment’

Nearly half of advisers believe SIPPs and pensions will benefit from Consumer Duty and advisers are cutting back on recommending high risk investments. Our latest research* shows advisers are confident the implementation of new Consumer Duty rules will deliver on their key aim of boosting consumer retail investment with SIPPs - one of the key...

Technology spending drives consumer duty investment

Our latest research* shows that spending on new technology is the biggest driver of increased investment by adviser firms ahead of the implementation of Consumer Duty rules, which will come into effect from 31st July 2023. The study found that more than three out of four (76%) of firms have seen their costs rise as...

We Expand Wellbeing Support As Part of Mental Health Awareness Week

Here at iPensions Group, we are further strengthening our support for mental health and wellbeing across the company as we continue to expand the business. This week we are backing Mental Health Awareness Week, run by the Mental Health Foundation, with a series of events, workshops and sessions from May 15th 2023. Support during Mental Health...

Integrating £500 million AUA following acquisition

We are delighted to announce that we have recently completed the seamless migration of Forthplus SIPP customers ahead of schedule, integrating £500 million assets under administration. We acquired the business assets of Edinburgh-based Forthplus Pensions, which was in administration, at the end of last year and initially expected to take at least six months to...

Consolidation and technology will drive SIPP market expansion

Around one in three advisers say SIPP consolidation is increasing. Our recent research shows that advisers believe pension consolidation and technology investment by providers will drive continuing expansion of the SIPP market. Nearly two out of three (63%) of advisers identified consolidation and investment in enhanced administration technology as the main drivers of growth in...

iPensions Group acquires Forthplus SIPP

We are delighted to announce the acquisition of the Forthplus Pensions book of business providing certainty to its 2,500-plus members. The acquisition of the Edinburgh-based SIPP provider and administrator enables customers who include UK expats to transfer to a company with over two decades of experience in UK and international pensions and a commitment to...

Don’t let a scammer enjoy your retirement

Scammers are targeting pension pots of all sizes – make sure you know how to spot the signs. Pension scammers are targeting people like you with the average victim losing £91,000 each. Scams are hard to spot and are often disguised with credible websites, testimonials and materials which make them look like the real thing....

Innovation focus with cloud technology partnership

With a technology-driven approach for pension solutions in the SIPP market, we are strengthening our focus on innovation with private cloud infrastructure from the leading technology solutions provider Rackspace Technology® (NASDAQ: RXT). The multicloud solutions provider is supporting our ambitious growth plans following significant inhouse investment in our highly scalable pension platform, allowing us to continue...

The rise of ‘clone firm’ pension scams and how to protect yourself

Pension and investment scams are on the rise in the UK, with a worrying increase in the number of reported scams taking place during the Coronavirus pandemic. Due to the financial instability created by the continuing crisis, many people are looking to secure their future finances. This has presented scammers with an opportunity to take...

Launching our Irish transfer service for SIPPs

New transfer service is backed by strong Irish pension knowledge and experience. We are pleased to announce the launch of a new Irish Transfer Service, enabling Irish expatriates and people with Irish pension benefits to consolidate Irish, UK or other overseas pension benefits into a SIPP. With the ability to transfer into the Adviser SIPP...