Alltrust Services Limited acquires PSG's SIPP business

Alltrust Services Limited, a UK-registered pension provider and retirement services company, has acquired PSG SIPP Limited's Self-Invested Personal Pension (SIPP) business.

In a statement today (28 October) Alltrust said this strategic acquisition significantly expands Alltrust's market presence and enhances its capacity to deliver premium pension administration services to a growing membership base, particularly in property and bespoke investment solutions.

The acquisition, completed through administrators, positions Alltrust to seamlessly integrate PSG's SIPP schemes into its existing operations, ensuring continuity and service excellence for all members.

The combination of both firms' expertise creates one of the UK's most comprehensive SIPP providers specialising in commercial property investments and tailored pension solutions.

James Floyd, managing director of Alltrust Services Limited, said: "We are excited to welcome PSG's SIPP members to the Alltrust family. Our primary focus is to provide a seamless transition and to enhance the pension experience for our new members.

At Alltrust, we are dedicated to upholding the highest standards of regulatory compliance and customer service. This acquisition allows us to leverage our expertise to offer more personalised services and greater transparency, ensuring that our members are well-supported in achieving their retirement goals.

"Particularly exciting is the enhanced capability in commercial property investments and bespoke pension solutions that this combination brings to all our members. Looking ahead, all members will benefit from our continued investment in technology and digital services, designed to make pension management more accessible and efficient."

Following the acquisition, Alltrust will:
• Expand Service Capacity: Integrate experienced PSG staff to create a combined team of over 130 pension professionals, ensuring dedicated support for all members
• Strengthen Property Expertise: Unite both firms' specialist knowledge in commercial property investments and bespoke pension arrangements
• Enhance Bespoke Solutions: Leverage combined resources to offer expanded investment options and customised pension strategies
• Accelerate Digital Innovation: Roll out enhanced technology platforms to improve member experience and administrative efficiency
• Strengthen Compliance Framework: Implement enhanced oversight systems while maintaining strict adherence to FCA regulations.

Throughout 2024 and beyond, Alltrust further said members will see the progressive rollout of its technology advancements, including enhanced online account access, streamlined administrative processes, and improved digital communication tools. These improvements will benefit both existing and new members, ensuring easier access to pension information and more efficient service delivery.

Members are encouraged to consult their financial advisers for investment-related queries and contact Alltrust's dedicated transition support team for assistance during this period.

Alltrust Services Limited is a UK-registered pension provider specialising in the operation and administration of Self-Invested Personal Pension (SIPP) schemes.

The company maintains particular expertise in commercial property investments and bespoke pension solutions, serving both individual and corporate clients through innovative technology platforms.