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Harsant Pensions Approved by the Financial Services Authority (FSA)


The Wirral, UK – 13th. March, 2007

Harsant Pensions is pleased to announce that it has been approved by the Financial Services Authority (FSA) for setting up, administration and winding up Self Invested Personal Pension Funds (SIPP). The FSA is the independent watchdog that regulates financial services in the UK.

This follows new legislation, introduced from 6th April 2007, which requires all Self Invested Personal Pension Funds to be regulated.

Harsant Director, Christine Brown, said “The Harsant SIPP was established in 2002. Until now we were the only part of the SIPP equation which was not regulated, yet we manage and control the movement of millions of pounds of client investment money. It is appropriate that we are FSA regulated.”

Harsant, as a pension scheme administrator, provide the link from establishing the SIPP, to transferring funds from other pension funds, to investing in a wide variety of opportunities. At every stage Harsant ensure that all client funds are properly managed under pension law and that monies invested are tracked and reconciled.

The FSA have been surprised as to how few current SIPP Providers have applied for regulation. The British press have referred to “Orphan SIPPs” post April 2007.

Christine commented further, “We have been consultants in the pension industry for almost 20 years now. Our experienced and qualified staff, coupled with full supporting software systems, well documented procedures and reputation has led us to being one of the first FSA approved companies in the country under the new legislation. We welcome this new platform and look forward to a rapid expansion in our business.”

Christine Brown can be reached directly by calling 0151 648 7615. For more information, please visit the Harsant Self Invested Personal Pension Fund website through the links below.


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