The joint administrators of Rowanmoor Personal Pensions Limited have exchanged contracts with Alltrust Services Limited for a sale of the firms assets.
Alltrust is an established provider of trusteeship and administration services for various types of pension scheme. The deal is expected to complete in February 2023.
Rowanmoor Personal Pensions Limited is a Sipp and Family Pension Trust business (FPT) operator authorised and regulated by the FCA. It entered administration on 31 August.
The business, which looked after approximately 4,800 pensions with assets under administration of 1.4bn, was declared insolvent after a large number of Sipp and FPT members lodged complaints relating to certain non-standard investments with the Financial …
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