Mailings

Wednesday 10 March 2010

IFG Group plc completes the acquisition of James Hay

Our parent company, IFG Group plc, has now completed the £35 million acquisition of James Hay, following shareholder and regulatory approval.

We saw the opportunity to acquire the largest and the best known SIPP brand in the UK, with a substantial client bank of 32,000 SIPPs that complements our existing self administered business. However our commitment to you, and your clients, is as strong as ever.

I would like to reassure you that there will be no change in the way The IPS Partnership manages its SIPPs and SSASs. The quality of our service remains our focus, whilst our pricing will continue to be transparent and represent value for money. We will shortly complete our review of the James Hay service, its strengths and weaknesses. As a result of our initial assessment, we have identified some functional aspects of the James Hay service that we currently do not offer, which may be of value to you. We would be keen to introduce these enhancements to our own service as soon as possible.

IFAs are and will continue to be the source of over 90% of IPSs business and we know that offering you the very highest standards of service is the key to our success.

The IPS Partnership