Evelyn Partners completes sale of RPPL pension schemes to Alltrust

Evelyn Partners has officially finalised the sale of Rowanmoor Personal Pensions Limited’s (RPPL) Self-Invested Personal Pension (SIPP) and Family Pension Trust (FPT) to Alltrust.

At the end of last month, joint administrators Adam Stephens and Christopher Allen of the firm reached a deal and exchanged contracts with Alltrust Services Limited for the sale of the pension schemes. Stephens and Allen were initially appointed as joint administrators of RPPL on 31 August 2022. 

Alltrust is an established provider of trusteeship and administration services for various types of pension schemes including a variety of SIPP structures, with a particular focus on offering flexible investment options for its clients. 

The joint administrators confirmed that RPPL’s SIPP and FPT client teams have transferred to Alltrust following completion of the sale, which should assist in ensuring that clients will experience minimum disruption in the transfer process. The official statement reassures that clients and advisers will receive letters that provide further details regarding the recent business sale and that there is no further action required by clients as the transfer has taken place automatically. 

Adam Stephens, lead administrator, commented: “We are delighted to announce completion of the sale of RPPL’s SIPP and FPT business to Alltrust. This will provide continuity of service to RPPL’s clients. This is a great outcome and we thank Rowanmoor’s staff for their assistance during the administration trading period. 

“We are working with Alltrust to ensure a smooth transition of the business. We also thank the company’s many clients for their continued patience, whilst we finalised the sale.”