Major SIPP and SSAS firm Rowanmoor Personal Pensions Limited (RPPL) has gone into administration.
Retirement and platform provider Embark is to hire more than 50 people in Dundee over the next few months to boost its platform operations in the city.
Lloyds Banking Group is set to launch a £400m takeover of fast growing retirement and wealth management company Embark Group, according to a speculative report from Sky News over the weekend.
Retirement solutions and platform provider Embark has launched an Investment Pathways tool to help non-advised customers move their pensions into income drawdown.
SIPP and platform group Embark’s new ‘Advance by Embark’ platform has been added to the Origo technology integration fintech hub.
Retirement solutions and platform provider Embark is planning a tie-up with Openwork, one of the UK’s largest adviser networks, which will see Embark's new Advance platform become the lead supplier to Openwork’s 2,000 advisers for five years until 2026.
Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results.
Embark Group, the owner of Rowanmoor, has restructured its pensions businesses with a new joint chief exec to run them and two senior executives leaving.