Pointon York calls on investors for £1.75m cash injection

Sipp provider Pointon York Group is looking for investors to support its entry into the corporate pensions space.

The Leicestershire-based parent of Pointon York Sipp solutions is looking for £1.75 million, or a minimum of £1.25 million, of additional capital.

Geoffrey Pointon, chairman and group chief executive of Pointon York said while the primary target for growth was the Sipp business the cash injection would help the group offer a competitive workplace pension product.

‘Another area of opportunity for us is the corporate Sipp space, as more companies look for an alternative to their traditional poor performing pension schemes. We will soon launch our new corporate Sipp which will shape the future of workplace pensions,’ said Pointon.

A minimum investment is £5,000 will buy 10 units and the offer is due to close on 9 April.

‘This new capital will ensure that we are ideally positioned to expand our market share in what is one of the few growth industries in the current economic environment,' said Pointon.