News in brief: 2 February

Written by Natalie Tuck
02/02/18

The Pensions Regulator has begun carrying out spot checks in cities across the East Midlands to ensure employers are complying with their pension duties. Inspection teams will visit dozens of businesses in Nottingham, Derby and Leicester this month to check that qualifying staff are being given the workplace pensions they are entitled to. The move is part of a nationwide enforcement campaign which began in London last spring to ensure employers are meeting their automatic enrolment duties correctly.

Dentons Pension Management Limited has acquired the business of Sippchoice, the London based bespoke SIPP provider for an undisclosed amount. This acquisition will see Dentons add approximately 1,400 SIPPs to its existing book of business, bringing the total to over 6,000 SIPPs along with 800 SSAS clients. It will take Dentons’ assets under administration to over £4bn. Commenting, Dentons Pension Management joint managing director Ian Stewart said: “Where other providers have reduced their exposure to the full SIPP market, we have continued our commitment to this and the SSAS market.”

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