Rowanmoor Pensions to offer Flexible Drawdown on all products from 6 April 2011
30 March 2011
Rowanmoor Pensions, the UK’s largest independent Small Self-Administered Scheme (SSAS) provider and a bespoke Self-Invested Personal Pensions (SIPP) operator, confirms that it will offer both capped and flexible drawdown across its full product range from 6 April 2011.
In accordance with new pension legislation, which takes effect on 6 April 2011, clients can make income withdrawals from their pension fund subject to annual limits under capped drawdown rules, or can choose to make unlimited withdrawals under flexible drawdown rules, subject to meeting a minimum income requirement. Capped and flexible drawdown will be available across all Rowanmoor Pensions’ SSAS, SIPP and Family Pension Trust (also known as Family SIPP ) products.
Rowanmoor Pensions is one of only a few companies to offer scheme pension, which counts towards the minimum income requirement, across its full product range, including its SIPP.
To coincide with the introduction of the new legislation, Rowanmoor Pensions is relaunching its website, www.rowanmoor.co.uk, providing access to up to date product information and company and industry news through the etalk newsletter. The website has been developed to be accessible to disabled users as well as those surfing via a mobile device and offers users the ability to tailor their homepage.
Ian Hammond, Managing Director, Rowanmoor Pensions said:
“In line with our commitment to provide high quality, bespoke administration services, we have worked hard to update our systems to ensure we are able to continue to offer to our clients and their advisers the widest choice of benefits at retirement from 6 April. In addition, the new website will enhance our customers’ online experience and ensure they have easy access to the most up to date information available.”
For further information on Rowanmoor Pensions please visit the website at http://www.rowanmoor.co.uk
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For further information, please contact:
Rowanmoor Pensions
Anna Hopkinson
Marketing Manager, Rowanmoor Pensions
08445 440 667
anna.hopkinson@rowanmoor.co.uk
Polhill Communications
Jenette Greenwood / James Bishop
Polhill Communications
020 7655 0520
j_greenwood@polhill.com
j_bishop@polhill.com
About Rowanmoor Pensions
- Rowanmoor Pensions provides and administers member-directed pension schemes:
- Small Self-Administered Schemes (SSAS)
- Self-Invested Personal Pensions (SIPP)
- Family Pension Trusts (also known as Family SIPPs)
- Rowanmoor Pensions is the UKs largest independent SSAS and Family Pension Trust practitioner and administers around 4,000 schemes.
- Rowanmoor Pensions’ SIPP features:
- personal, portfolio based, administration service;
- expert support from technical and sales consultancy teams;
- extensive flexibility and choice at retirement, including scheme pension;
- widest investment opportunities available in the SIPP market;
- integrated links to investment partners’ systems;
- streamlined process for settling adviser fees.
- Rowanmoor Pensions was awarded best SSAS provider in the 2008, 2009 and 2010 Moneyfacts Investment, Life and Pensions Awards.
- Rowanmoor Pensions was awarded best SSAS provider in the 2006, 2007 and 2008 Pensions Management Technology Administration and Service Awards.
- The Rowanmoor Pensions website is www.rowanmoor.co.uk
- Rowanmoor Pensions currently employs over 200 people.
- Rowanmoor Pensions is a trading name of Rowanmoor Group plc (No. 5792242).
- Rowanmoor Personal Pensions Limited, a subsidiary of Rowanmoor Group plc is the scheme Administrator and scheme operator for schemes established under a Rowanmoor Pensions Family Pension Trust and the Rowanmoor Pensions SIPP and is authorised and regulated by the Financial Services Authority (Register number 458260).
