SSAS administration business from Oval Financial Services Ltd acquired

Talbot & Muir, the independent Self Invested Personal Pension (SIPP) and Small Self Administered Scheme (SSAS) specialist, has continued its expansion plans with the acquisition of the employees, clients, and assets of the SSAS administration business of Oval Financial Services Limited. This is for an undisclosed sum.

With immediate effect, Talbot & Muir will take over the duties and responsibilities previously assumed by Oval Financial Services. The acquisition adds approximately 200 SSASs to the current portfolio of in excess of 500 and follows the acquisition of the Oval Group by Arthur J. Gallagher & Co.

Graham Muir, Principle of Talbot and Muir said: ”We met a stringent assessment and due diligence criteria to give Arthur J. Gallagher & Co. the confidence that we will provide the best possible levels of service to their trustee clients in the future, in what is a highly specialised service area.

“We remain acquisitive and with the upcoming changes to the capital adequacy requirements for SIPP and SSAS firms, we anticipate that more books of business will be sold.”