Sovereign Pension Services (CI) Limited has acquired the CIRAS Personal Pension, a Guernsey tax-approved multi-member pension arrangement, from the Fort Group, a Guernsey-based trust and corporate services provider. Sovereign took over as trustees of the plan on 1 July 2021.
Sovereign Pension Services (CI) Limited is regulated by the Guernsey Financial Services Commission and is one of the largest specialist pension providers on the island. Sovereign is actively growing its pension business on the island with a focus on building its local client base, including individual and corporate pension clients.
“Sovereign is committed to growing its pension business in Guernsey and the acquisition of the CIRAS Personal Pension will help us to achieve that alongside the steady growth of our own existing personal and corporate pension offerings,” said Sovereign Pension Services (CI) Limited Managing Director Sean Gillease.
“We are delighted to welcome all the members of the CIRAS Personal Pension to Sovereign and we look forward to speaking with and potentially meeting with members in the coming weeks and months.”