It has also acquired the associated trust company and taken over as the operator and administrator. 

The SIPP and SSAS business to be transferred to iPensions Group is a legacy, off-platform book and features a broad range of invested assets, including the interests of the schemes’ members in property.

The acquisition is part of iPensions Group’s strategy to focus on opportunities to acquire SIPP and SSAS pension businesses that will benefit from iPension Group’s administrative and technical expertise and follows the acquisition of the Edinburgh-based SIPP provider, Forthplus in 2022.

Sandra Robertson, group chief executive officer, iPensions Group, said: “We look forward to supporting Morningstar’s members and their diversified pensions assets which includes a focus on property that requires the specific pensions technical expertise we can offer.”

Steve Owen, director of product management, Morningstar Wealth said: “Completing this deal is a milestone for Morningstar Wealth. It allows us to strengthen our focus on advancing our platform and connected services.”



Operating since 1998, iPensions Group provides a range of personal pensions for UK and non-UK residents, and services around 11,000 members across its wider group.

It offers a full range of SIPP services via the adviser market and expanded into the direct-to-consumer pension market in 2021.