Pondering pension investment options is not everyone’s cup of tea. Despite its obvious importance, many view pensions as a boring necessary evil in stark contrast to making business decisions with more immediate results.
But Swansea-based SIP Wealth Management (Chartered Financial Advisers) has turned that perception on its head in recent weeks thanks to two innovative deals that have showcased its ability to innovate in this field.
The company’s directors have also put their own money on the line to illustrate what is possible using the correct financial structures.
Firstly, using a group Self Invested Pension Plan (SIPPs) called Axis Court Group SIPP, the directors have acquired two buildings based in the heart of Swansea Vale’s flourishing business community comprising 11 and 12 Axis Court.
The use of a group SIPP is one of the innovative specialist financial arrangements that SIP Wealth Management offers clients. As part of the deal, the business has also moved its head office to 11 Axis Court.
But the property deal followed another even more ground breaking transaction completed by the pension vehicle. It also completed an investment that meant it is now shareholder in Llandarcy Park (Ospreys) Ltd, the holding company of Ospreys Rugby.
The investment, believed to be the first of its kind involving a Welsh rugby region, will see SIP Wealth Management invest in the future growth of the region via its pension funds.
The business connection will also see SIP Wealth Management become an official partner to the Ospreys providing pension solutions and financial advice services to Ospreys Rugby and its players and support staff.