Assets under administration (AUA) in our SIPP have exceeded the £1 billion mark, reflecting the continuing growth of the firm in the SIPP market.
The landmark AUA figure follows a year of sustained investment into our SIPP offering. Earlier this year the firm selected GBST’s Composer SIPP administration platform to support the continued development of its SIPP business. Additionally, Brewin Dolphin, Charles Stanley and Rowan Dartington were recently added to the firm’s DFM panel for SIPP clients.
"Hitting the £1 billion mark is an extremely encouraging way to end a successful year for our business."
Julia Bassett, Chief Executive Officer, says:
“Promising organic growth through the IFA channel has led to the impressive increase in our SIPP AUA, and hitting the £1 billion mark is an extremely encouraging way to end a successful year for our business.
“2013 has seen several developments within our own business and in the industry as a whole. Fortunately, while potential capital adequacy increases have weighed heavily over some SIPP operators, our business plans have not been left in limbo. Rather, we have been in a position to continue to invest in our systems, maintain service levels and individual points of contact for advisers, and develop a stronger presence in the SIPP market moving into 2014.”