Momentum Pensions Group completes majority stake acquisition in UK SIPP business
Published: 14 Jul 2015
Momentum Pensions Group today announced that it has completed the purchase of an additional stake in its UK SIPP business, Momentum Pensions Limited (“MPL”), based in Manchester. This comes after the Group’s initial share acquisition in October 2014 ahead of the launch of its Momentum SIPP.
Commenting on the final stage of its acquisition of MPL, Group CEO Stewart Davies said:
“Since October 2014 we have seen huge demand for our SIPP product, to complement our market-leading QROPS range of products.
The completion of this acquisition is 2 years ahead of schedule, and reflects the success of our business both in the UK and Internationally. We continue to invest heavily in the Group to ensure that we maintain growth, as well as make sure we provide unrivalled levels of service via our administration teams in four jurisdictions.”
MPL is one of four of Momentum’s jurisdictional offices. Malta, Gibraltar and the Isle of Man make up the rest of the Group’s framework.
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