Intrinsic adviser failed to take into account pension contributions of £9,750 he had paid in the tax year 2011 to 2012.
Brand will stay on as a separate entity, although managing director and his deputy will retire.
European Union referendum result unlikely to have a direct impact on Sipp capital adequacy but it will put increased pressure on some providers.
Around 5,000 Sipps bought, worth circa £630m.
Other providers mulling the same decision - to move classify property as a non-standard asset - but none have committed yet.
New Sipp has tiered pricing structure allowing investors to move between simple and complicated investments without switching Sipp.
Analysis & Opinion
Jun 24, 2016
Gold bullion now may be easier to purchase for holding in a portfolio
Jun 17, 2016
Sipp provider aims to have to nearly 10,000 customers by the end of 2017.
Jun 16, 2016
Malta-based offshore pension provider makes a play for a share of the UK Sipp market.
Jun 15, 2016
Scottish provider hopes the deal will help it tap into the UK’s south east market.
Jun 08, 2016
Royal Mint expects gold bullion to be well received by pension providers.
Jun 03, 2016
Provider criticised for considering nomination made before man moved in with partner.
Jun 03, 2016
Sipp administrator “actively seeking out” high quality Sipp and Ssas books in unexpected places.
Jun 02, 2016
Ombudsman rules John Lamb LLP was in fact the adviser of a man with a complaint about his pension.
May 27, 2016
Three Sipp players explain how they believe they can become the biggest non-life company operating in the market.
May 26, 2016
Online trading platform enters Sipp market, with James Hay as trustee.