As the new FCA looks set to continue its predecessor’s work by levelling its regulatory fire power at SIPP operators there were predictions last week from one leading commentator at James Hay that 2013 will be the first year of significant SIPP operator consolidation, just eight years are the industry became regulated for the first time:
Posts Tagged ‘james hay’
Friends Provident to acquire James Hay
Thursday, July 23rd, 2009
Anything or nothing could happen at FP depending on the Resolution bid. I heard a suggested price of £50 million for James Hay which for £10 billion of assets (shrunk by about 20% from 2 years ago) is only 0.5%, about 1/10 of what it ought to be which is presumably a reflection of poor efficiency/profitability and current business prospects and the amount which a buyer would have to spend to upgrade systems and shrink the staff by at least x% (unless they can double the assets pronto without additional staff).
Technology for UK WRAP
Sunday, October 21st, 2007
Well there are a number of new entrants now in the provision of technology solutions for the WRAP market. Of course there is always the do-it yourself community and most notably there are providers of technology which have come from the Antipodes, James Hay, Standard Life and Nucleus are all users of these platforms.
UK based solutions I am sure are under development, the Blue Button technology from Ascentric for instance. In the case of our platform (Imago), we know where our core competency is. Over the years we have developed Illustration engines for a number of product wrappers. The WRAP market itself provides a further opportunity for our technology. We look forward to working with all of our peers in the provision of technology solutions for the market.
Low cost SIPPs to Low cost WRAPs
Tuesday, September 4th, 2007
James Hay have been talking about Diet SIPPs’ – SIPPs with low charges offering limited functionality. What a great term. I like the term low carb wrap.
It’s a race but it shouldn’t be
Tuesday, August 14th, 2007
I note that James Hay are bleating about differed SIPPs being counted as SIPPs and skewing the numbers in the league tables. For gods sake, does it really matter. They infer that greater transparency will enable advisers to make better decisions. Well from where I am standing I am not sure that I see their point. Clearly their anxiety is all about where they stand in the league table of SIPP providers. Isn’t that rather pointless ? Perhaps there should be greater focus on service levels and the underlying product providing value to the consumer. I don’t think this is counted in numbers !
