Xafinity, a specialist in pensions and employee benefits, has reported with sales of Sipps rising by 46%, and SSASs up 27% in 2012. The company has also said it is seeking further opportunities to grow both organically and by acquisition.
According to the company 2012 highlights for Sipps and SSAS business compared to 2011 included: • Individual Sipp sales – up 46% • SSAS sales – up 27% • Revenue – up 21%
Andy Bowsher, director of Self Invested Pensions at Xafinity, said: "This business is dedicated to serving financial advisers and their clients – we don't write direct business. We differentiate through our personal service and depth of technical expertise. Our products are demonstrably among the very best on offer, but service is our differentiator and we see great loyalty".
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He added: "We are clearly keen to continue growing, both organically and through acquisition. Right now I'd put us as a mid-sized provider with strong financial backing, which is a good place to be".
Xafinity has managed SSASs since 1979 and Sipps since 2004 and has built a team of 45 specialised staff based in Stirling.
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