Yorkshire law firm Keeble Hawson has beaten a slew of other mid-sized firms to secure a lucrative instruction as the leading legal adviser for Standard Life’s new pension product.
The firm will become Standard Life’s key adviser for the commercial property investments of its new flagship pension product the Standard Life SIPP (self-invested personal pension).
A spokesman for Standard Life said the company put the instruction out to tender in May, inviting 15 mid-sized UK firms to participate.
This group was whittled down to six firms, which were asked to make oral presentations. Keeble was then selected following a final cross-table interview.
Barry O’Dwyer, marketing director at Standard Life, said Keeble was selected for its experience advising on the investments of SIPPs. The firm will now deal with all of the fund’s legal issues associated with owning commercial property throughout the UK.
Macdonalds has also been selected to provide advice on the fund’s Scottish investments, while Mills Selig will assist with any investments in Northern Ireland.
However, Keeble will be the fund’s key relationship firm, and will oversee all matters assigned to the Scottish and Irish firms.