The sale of the Unity self-invested personal pension (SIPP) business to Pathlines Pensions has now completed, the joint administrators of PSG SIPP Limited have confirmed.

Evelyn Partners director, Chris Allen, and partner, Adam Stephens were appointed as joint administrators of PSG SIPP Limited on 25 October 2024. Immediately following their appointment, the joint administrators completed the sale of PSG’s SIPP business, excluding its Unity SIPP scheme, to Alltrust Services Limited. At the same time as the sale to Alltrust, the joint administrators exchanged contracts with London & Colonial Services Limited (now Pathlines Pensions UK Limited) for a transfer of PSGS’ Unity SIPP business. The joint administrators completed the sale of the Unity SIPP business to Pathlines Pensions on 9 January 2025. Osborne Clarke LLP acted as legal advisers to the joint administrators on the sale, led by restructuring and insolvency partner, Will Gunston, and Financial Services Regulatory partner, Noline Matemera. Unity SIPP clients will be contacted in the coming days by both the joint administrators and Pathlines Pensions with information about their pensions.

A new investment firm, Attivo Investments, has been launched to the UK adviser market.

The new firm, which is aimed at redefining investment solutions for financial planners, is aiming to empower financial planners with solutions that take clients’ goal setting as a starting point for investment strategy as well as fulfilling all metrics for risk tolerance and returns. As part of this, the firm has partnered with SEI to introduce managed portfolio service (MPS) ranges through a co-CIO model. The business will be led by CEO Stephen Harper, with Charlotte Watson in the role of chief investment officer. The pair previously launched Attivo Investment Management, which was sold to Quilter in 2017.

IPipeline has launched a new pensions functionality in its SSG Digital platform.

SSG Digital will now offer advisers the opportunity to add multiple contribution types (regular premiums, single premiums, and transfer payments), whilst an integration with the Single Euro Payments Area (SEPA) payment system is designed to simplify payments across the EU. Royal London Ireland is the first to make use of the update, with the launch of two new products, a Personal Retirement Savings Account (PRSA) and a PRSA with Additional Voluntary Contributions, which include unique product features. The new extended product range is designed to give advisers greater flexibility and choices and are the first new pension products to launch using the enhanced SSG Digital.

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