Rowanmoor SIPP: What Features Does It Include?

Rowanmoor distinguishes itself with bespoke SIPP options, catering to sophisticated investors seeking tailored investment strategies. Their personalized service and expertise in complex pension planning are unparalleled.
  • Last Updated: 22 Mar 2024
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  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.

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Francis Hui
What Are the Benefits of a Rowanmoor SIPP? Find Out Now & Navigate the Path to a Prosperous Retirement.
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Key Takeaways
  • A Rowanmoor SIPP is a self-invested personal pension that allows individuals to have control over their investments and retirement savings.
  • The benefits of investing include tax advantages, flexibility in investment choices, and the ability to consolidate multiple pension pots.
  • To open an account, you need to meet the eligibility criteria, provide necessary identification documents, and complete the application process.
  • You can transfer your existing pension into a Rowanmoor SIPP, which can help you consolidate your pensions and have more control over your retirement savings.
  • They offer a wide range of investment options including stocks, bonds, property, and funds, allowing individuals to diversify their portfolio and potentially increase their returns.

In August 2022, Rowanmoor Personal Pensions Ltd., the parent company behind the Rowanmoor SIPP (Self-Invested Personal Pension), went into administration.

Despite the fact that this SIPP provider is no longer available, you may come across it during your research into pension solutions, so it is worth taking note of the company and its history.

In This Article, You Will Discover:

    Join the Every Investor team as we delve into the turbulent journey of the Rowanmoor SIPP.

    All our content undergoes extensive quality and compliance checks, ensuring you are comprehensively informed every step of the way.

    What Was Rowanmoor?

    Rowanmoor was, at one point, the UK’s largest independent provider of Small Self-Administered Schemes (SSAS) and a provider of bespoke SIPPs.

    To understand more about Rowanmoor’s SIPP, we shall take a look at the backstory, including a brief history and overview of the firm, the key players in its growth, and its current market position.

    Brief History & Overview

    Rowanmoor was founded in 2006 after a buyout of James Hay Pension Trustees’ SSAS business.1

    Managing £1,5 billion and 4,800 pensions, the firm provided various personal pension options.2

    In 2009, joint managing director David Seaton took his life amid a fraud investigation involving £1,6 million.3

    By 2016, the Embark Group had acquired all shares of Rowanmoor Group plc entities. 

    In August 2020, Embark stopped new business for the Rowanmoor SIPP but maintained support for existing clients.4

    The Financial Ombudsman Service (FOS) issued a directive concluding that Rowanmoor failed to safeguard client investments, which triggered a crisis.5 

    The FOS decision was followed by a wave of over 800 complaints, the majority of which centred around questionable investments with The Resort Group.6

    Just seven months later, in March 2023, the beleaguered Rowanmoor SIPP found a lifeline through its acquisition by pension administration firm Alltrust Services.7

    Key Players in Rowanmoor’s Growth

    A key player in Rowanmoor’s growth was pension fund stalwart Ian Hammond, who was managing director from 2006 until the Embark buyout in 2016.8

    Paul Downing became chief executive of Embark Pensions, which included Rowanmoor, in 2020.9

    Current Market Position

    In March 2022, the FOS determined that Rowanmoor Personal Pensions Limited inadequately verified the credentials of CIB Life and Pensions Limited (CIB).10

    CIB Life and Pensions Limited, and its appointed representative, RealSipp, had sold a Cape Verde property investment—The Resort Group—to clients. 

    Between 2009 and 2013, CIB introduced 1,387 clients to Rowanmoor, comprising 26,9% of Rowanmoor’s business.11

    This FOS decision had major repercussions for Rowanmoor, resulting in its administration and the sale of its SIPP business to Alltrust Services Ltd, an FCA-regulated pension provider.12

    What Is a SIPP?

    In the United Kingdom, the Self-Invested Personal Pension (SIPP) is a customizable pension scheme that enhances individual control over retirement savings.

    This arrangement permits the inclusion and management of varied investments, including shares, bonds, and real estate assets, within one’s pension portfolio.

    What Are the Benefits of a Rowanmoor SIPP?

    A Rowanmoor SIPP offers multiple benefits for individuals looking to save for retirement.

    Firstly, it provides a wide range of investment options, allowing investors to diversify their portfolios and potentially maximize returns.

    This includes the ability to invest in commercial property, which can provide stable income and potential capital growth.

    Additionally, a Rowanmoor SIPP offers flexibility in terms of contribution levels and the ability to make tax-free contributions, ensuring individuals can save according to their financial circumstances.

    Another unique feature is the availability of pension loans, which can be used to access funds for specific purposes while still benefiting from the tax advantages of a SIPP.

    Furthermore, a Rowanmoor SIPP offers inheritance tax planning benefits, as the assets held within the SIPP are typically outside the individual’s estate upon death.

    This can help individuals pass on their wealth to future generations more efficiently.

    The SIPP also provides the option to take tax-free lump sum withdrawals when reaching retirement age, allowing individuals to access their savings in a flexible manner.

    Finally, a Rowanmoor SIPP offers the advantage of professional expertise, with access to dedicated pension specialists who can provide guidance and support throughout the investment journey.

    How To Contact Customer Service & Support?

    For customer service and support regarding your Rowanmoor SIPP, you can call 01722 770485 or email sipp@alltrust.co.uk.

    What is Regulatory Compliance & Protection?

    Rowanmoor Group Limited is a non-trading company registered in the United Kingdom with registration number 13526862.

    Their registered office is at Rowanmoor House, 46-50 Castle Street, Salisbury SP1 3TS (VAT number: 419 9806 54).

    Common Questions

    What Makes Rowanmoor SIPP a Good Choice for Investors

    How Does Rowanmoor SIPP Compare in Fees and Flexibility

    What Investment Options Are Available Through Rowanmoor SIPP

    What Are the Benefits of Choosing a Rowanmoor SIPP

    Who Is Eligible for a SIPP

    Benefits & Drawbacks of a SIPP

    What Makes Rowanmoor SIPP a Good Choice for Investors

    How Does Rowanmoor SIPP Compare in Fees and Flexibility

    What Investment Options Are Available Through Rowanmoor SIPP

    Can I Transfer My Existing Pension Into a Rowanmoor SIPP

    What Are the Benefits of Choosing a Rowanmoor SIPP

    In Conclusion

    The story of Rowanmoor highlights the dynamic and sometimes unpredictable nature of the financial services industry. 

    It serves as a reminder of the importance of ongoing due diligence and the need for investors to stay informed about the stability and performance of their chosen financial institutions. 

    For those who once relied on its services, the closure of Rowanmoor may bring various challenges: It is essential for former clients and investors to monitor the transition and seek advice to ensure their retirement plans remain on track. 

    While navigating the ever-changing landscape of Self-Invested Personal Pensions in the UK, remembering the lessons learned from the Rowanmoor SIPP experience could be invaluable.

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