iPensions Group launches Platform SIPP
iPensions Group Limited, recently rebranded from Momentum Pensions Limited, has launched The Platform SIPP, the first in a series of technology-led pensions solutions designed to provide advisers and their clients with transparency, control, and choice.
The Platform SIPP reflects the company’s focus on innovation in the SIPP market and introduces technology to enable advisers and clients to consolidate their pensions into an online managed SIPP solution.
They can choose from an extensive range of over 2,500 investment options including funds, investment trusts, ETFs, as well as cash and deposit accounts. All investment options available have gone through an exacting due diligence and selection process to ensure adviser and client peace of mind. The SIPP only accepts assets complying with the FCA’s list of standard assets.
Clients benefit from 24/7 online access and monitoring of their SIPP portfolio and a clear and transparent fee structure. They are not charged dealing fees for online direct dealing and there is no SIPP set-up fee or transfer in fee. The annual trust fee is GBP200, and the platform service fee is 0.35 per cent a year.
The launch is supported by a strong, knowledgeable award-winning SIPP team at iPensions Group with a focus on helping advisers create and deliver better client outcomes efficiently.
The Platform SIPP, which is available to UK and non-UK residents, is the first new proposition launched following the appointment of Group CEO Sandra Robertson who joined in May.
Sandra Robertson, Group CEO, says: “The launch of the Platform SIPP provides a new highly competitive option for advisers which gives control and flexibility while offering 24/7 access to manage and monitor portfolios.
“It’s a strong proposition which we are delighted to bring to market as the first launch under iPensions Group and underlines our ambition and focus on growth in the market.
“The market for pension consolidation will continue to expand as UK and non-UK residents look to bring all their pension schemes together and The Platform SIPP is ideally positioned to support advisers and their clients."