British pensions administrator Suffolk Life has picked Birketts, Bond Dickinson and Thrings for its first formal legal panel.
The trio committeed to a “menu of fees” for a spot on the roster, with the aim being to lower fees for clients when it comes to property acquisition and disposal advise.
It is not known how many other firms went for the mandate. Investors do not have to stick to Suffolk Life’s chosen list of advisers.
“Advisers and investors are increasingly finding it difficult to access the appropriate expertise and experience they need from their legal representative, and the question ‘can you recommend a solicitor to me’ is fielded by my team ever more frequently,” said Suffolk Life’s director of property Dominic Savage.
Birketts, Bond Dickinson and Bath-headquartered Thrings will together advise investors and financial advisers on acquisitions and disposals of commercial property, the primary investment vehicle used by self-invested personal pensions, along with necessary support work.
The panel, which comes into effect immediately, is available for properties in England and Wales, with Scotland and Northern Ireland being introduced later in the year.
Since the merger between Dickinson Dees and Bond Pearce went live on 1 May (5 August 2013) Bond Dickinson has picked up a number of new clients, including the Education Funding Agency, Colgate Palmolive (20 May 2013) and, most recently, the national lot for the Crescent Purchasing Consortium’s (CPC) legal services framework (3 February 2014).
Birketts was also appointed to the CPC framework, which was announced yesterday (3 February).