Dentons Pensions Management expands UK business

Dentons Pensions Management is due to launch two new self-invested personal pensions (Sipps) as it looks to expand its UK business.

The flexible Sipp can potentially reduce the level of taxes payable on death by allowing members to use a scheme pension rather than an alternatively secured pension (ASP), which can be taxed at 82% on death.

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The simplified Sipp is aimed at investors wanting to use a single discretionary portfolio manager at a potentially lower cost.

Dentons hopes to capitalise on areas that are driving industry consolidation, including difficulties around the cuts on interest rates.