Embark completes acquisition of Zurich Retail Investment Platform and the Zurich Horizon ‘ACD’
Embark Group is pleased to announce that it has completed its acquisition of Zurich’s Investment and Retail Platform (Sterling ISA Managers Limited) and its Authorised Corporate Director (ACD) & Investment Management (Zurich Investment Services (UK) Limited) businesses, as it continues to build its presence in the UK retirement and investment savings sector. Both the Retail […] Read more.
1 May 2020
Pension contributions deadline for the 2019/20 tax year
Pension contributions which qualify for the 2019/20 tax year need to be in the pension trustee bank account by 5pm on Friday 3 April 2020 at the latest. The funds must show as received in the scheme bank account by close of business on that date, at the latest. The supporting pension contribution forms must […] Read more.
28 January 2020
EBS Pensions reports an 89% increase in client numbers and a rebound to profitability
We are pleased to announce an 89% increase in client numbers to 31,452 and a rebound to significant pre-tax profitability of £1.55m in our 2018 Results. Following the sale of EBS to the Embark Group in mid-2017 the business has been through a period of transition. This has involved integrating into the new parent company infrastructure […] Read more.
22 May 2019
A Changing Landscape
Just before Christmas I wrapped up 2018 with this post, reflecting on a year of change in the pensions market. With the new year now in full effect, what has this meant for 2019 so far and are more changes on the horizon? Market Consolidation In 2018, consolidation was a constant in the SIPP market and […] Read more.
20 February 2019
Reflections on 2018: a year of change in pensions
It’s that time of year again, when one tends to reflect on what was and starts to think of the coming year and what might be. Here I share the developments and changes we saw in pensions throughout 2018 and I will be following it up with a post in the new year on my projections […] Read more.
24 December 2018
We’re looking for Operations Administrators in Bolton
In your role as an Administrator, your primary focus will be to deliver a complete administration service and exceptional customer service to pension clients. The role is very process driven and successful applicants will be required to process general day-to-day administration tasks within one of our teams. The scope of the role covers the support of […] Read more.
5 November 2018
Our thoughts on the Autumn Budget 2018
Time to abolish the Lifetime Allowance Thankfully, the 2018 Autumn Budget involved minimal tinkering with pensions – something that we welcome here at the Embark Group. As was widely expected, the government increased the Lifetime Allowance for pensions savings to £1,055,000 from April 2019, in line with CPI. The Lifetime Allowance, which currently stands at […] Read more.
31 October 2018
Embark Group reaches £15bn AuA, through the asset purchase Liberty SIPP and merger with EBS Pensions
Today we are pleased to announce that the Embark Group has completed the purchase of all trading assets of Liberty SIPP Limited (‘Liberty’) via its subsidiary EBS Pensions Limited (‘EBS’). The combined business, operationally led by Liberty Directors John Fox and Julie Dean, brings together £6.8bn AuA, a combined book of 32k SIPP clients, a […] Read more.
15 October 2018
Important changes to our Client Terms and Conditions
Our Client Terms and Conditions have been updated to incorporate the new data protection rules called the General Data Protection Regulations (EU) 2016/679, otherwise known as GDPR, which comes into effect in the UK on the 25th of May 2018. Please refer to our updated Privacy Notice for further information. In addition to the GDPR […] Read more.
26 April 2018
Important changes – General Data Protection Regulations
Our Client Terms and Conditions have been updated to incorporate the new data protection rules called the General Data Protection Regulations (EU) 2016/679, otherwise known as GDPR, which comes into effect in the UK on the 25th of May 2018. GDPR is a new set of rules designed to give EU citizens more control over […] Read more.
26 April 2018
Relief at source for Scottish income tax
Please note the below copy is taken from the HMRC newsletter. 1. What’s changing On 14 December 2017 the Scottish Government announced new Scottish Income Tax rates and allowances to apply for 2018 to 2019 tax year. For 2018 to 2019 the Scottish Government has announced the following rates for people who live in Scotland: […] Read more.
1 March 2018
MIFID II legislation update
As a Financial Adviser you may be affected by the requirements to be introduced under MiFID II (the second Markets in Financial Instruments Directive). In relation to our duties as a SIPP Operator, EBS Pension Limited is not a MiFID firm, and is not a manufacturer for the purposes of MiFID II. However, you may […] Read more.
13 December 2017
Legislation changes – 3rd January 2018 – Impacting SIPP Terms of Business
As you are probably aware, new legislation will come into effect on 3 January 2018. Therefore, we have updated the EBS SIPP Terms of Business document to reflect the below point. Legislation now requires firms to undertake more extensive reporting of client transactions to the FCA. This means firms need to be able to correctly […] Read more.
13 December 2017