Rowanmoor reports 15% hike in new Sipp sales

Rowanmoor Group, has reported steady sales of self invested personal pensions for the last quarter of 2012, and has revealed that new business Sipp sales were up 15 per cent from the same period last year.

Since launching the Sipp in 2009, the independent self service administered schemes provider and Sipp operator said it has seen this side of the business grow annually, and expects to continue to see steady new business inflows for the foreseeable future.

In light of the growing Sipp business, Rowanmoor Group plc has taken measures to ensure resources are in place to cope with the increasing client base, and has appointed Gail Brown as senior Sipp manager. Ms Brown has previously worked at Capita SIP, Winterthur Life, Towry Law and Novia Financial, and her role will be to provide additional support for Rowanmoor Group plc’s Sipp clients.

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In addition, the group has announced the opening of a new office in Chipper Lane, Salisbury. The move provides more space for the group’s Salisbury administration centre and consultancy office and will enable the business to expand further in the near future.

Ian Hammond, Managing Director, Rowanmoor Group plc, said: “Rowanmoor Group’s operations are directed at the high end of the Sipp market, and this news reinforces our belief in our ability to construct flexible products for the sophisticated investor. Gail’s appointment is yet another indication of our desire to hire the best staff that will only add to the Group’s reputation of expertise, innovation and proficiency.

“Service is at the heart of Rowanmoor Group, and we are focussed on sustaining high-quality, friendly, efficient, personal and professional pension services. The Group is in a strong position to continue to deliver excellent service standards to both new and existing clients.

“I believe this ethos will be imperative now that we are beginning to get stuck into 2013; a year that will have significant changes for the industry as a whole.”