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The UAP Group (UAP) headquartered in Guernsey has bought Alltrust Services Limited Trust and Pensions Provider in Cardiff (Alltrust).
The Group says for clients and advisers, it's business as usual, except going forward Alltrust have "new resources and capabilities to broaden and improve its services to its members and clients".
Rob Shipman (pictured), Group CEO and Co-founder of UAP, said: “Our company core values of challenging the status quo, working for our partners, and doing things better have been built on our desire to deliver the best client experience. We are a client focused business, delivering modern solutions, through easy-to-use technology.
“The acquisition of Alltrust brings UAP a prestigious and well recognised pension brand, while also adding significant opportunities to the UAP business. By combining the innovative technological solutions of UAP with the expertise and strong reputation of Alltrust, we are in the perfect position to continue enhancing our service while developing new and pioneering solutions for the benefit of our clients. Expansion is our focus. We have exciting plans and as part of this we have agreed to acquire the SIPP book and staff of Rowanmoor Personal Pensions Ltd (RPPL). This will further strengthen the Alltrust offering and provide much needed stability to the staff and clients of Rowanmoor.”
Accordingly, the joint administrators and Alltrust do not anticipate that there will be any interruption to the services previously provided by Rowanmoor.
Clients and advisers will receive letters with further details regarding the business sale.
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