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Talbot and Muir reports 66% increase in new SIPP cases
The firm also confirmed a continued interest in new SIPP property cases which, according to the company, proves they are still a ‘very popular asset despite concerns around Brexit’ and that ‘property remains a key investment in retirement planning.’
Director of Talbot and Muir, Brian Talbot, said: “It is really encouraging to see the increase in our new business figures in the first quarter of 2017 which increased 66% over the same time last year.
“This is clear evidence that advisers continue to have confidence in the self invested market and see it as a useful planning tool for a wide range of clients.”
Talbot and Muir also reported that small self administered schemes (SSAS) have also proven to be popular among advisers and clients, as it is a ‘valuable succession planning tool for small and family run businesses’, according to the company.
Paul Darvill, administration and technical director at Talbot and Muir said: “We pride ourselves on providing a personal service to advisers and their clients and we believe this is why advisers have continued to introduce new business to us.
Mr Darvill went on to add that Talbot and Muir have also witnessed an increase in adviser firms using the company and they are hopeful people will continue to invest in SIPPs in the future.
He said: “We are also seeing an increase in the number of adviser firms using us. This is up 19% from the same period last year, many of them looking for an independent administrator that provides technical expertise, high levels of administrative excellence and is financially strong.”