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Curtis Banks launches new SIPP backed by online portal

24 January 2019

SIPP provider Curtis Banks has launched a new self invested personal pension to replace its current range of products.

The ‘Your Future SIPP’ brings together elements of Curtis Bank and Suffolk Life SIPPs into a “more efficient and streamlined” proposition, with increased functionality for advisers and their clients.

A new online portal will also be launched to directly support the new SIPP, reducing the time spent on administration. Adviser firms will be able to access it via mobiles, tablets and computers and it includes open market access to a wide range of investment solutions as well as automated adviser charging.

Andrew Rastrick, chartered financial planner, Sterling Asset Management, said the design of the product “really suits the future of retirement.”

He commented: “They have taken into account not only how people save and access their retirement pot but also the need to access individual information at a time that suits me and on any device. They have also taken into account the need for the full flexibilities of a bespoke SIPP but the charging only occurs when it is used.”

Will Self, Curtis Banks CEO, said of the new product: “The SIPP market is undergoing an evolution. On one side a number of platforms are clearly struggling to offer the service level advisers demand and are far from an automatic choice for advisers with outsourced investment propositions.

“On the other, a number of SIPP providers face an uncertain future as they clean up legacy books which contain illiquid investments and are not innovating in new products. We have created the SIPP proposition that advisers asked for, supported by a nationwide adviser support network.”

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