SPS becomes IFGL Pensions

Sovereign Pension Services (SPS) has rebranded to IFGL Pensions, the company's new owner International Financial Group Limited (IFGL) has announced.

IFGL completed the deal to buy the Wirral-based SIPP and SSAS administrator on 1 March and chose its new name to reflect the company's position within the Group.  

IFGL Pensions offers three SIPP products:

•    The IFGL SIPP (formerly the Sovereign International SIPP)
•    Acorn Lite
•    Insight
 
All product literature has been updated to reflect the new brand and a new website has gone live at www.ifglpensions.com 

The IFGL Pensions office remains in Bromborough, where 45 staff are based, including newly appointed Managing Director Rachel Meadows.

Overall, it is business as usual for the company. The rebrand has no effect on staff conditions of employment, nor does it have any material effect on adviser terms of business or clients' scheme terms and conditions.