iPensions Group has launched a digital pension consolidation service iSIPP for UK and international consumers.
The new solution enables customers to consolidate funds into one pot, choose their preferred investment funds and monitor how they are performing online.
The service is available to all customers with UK pension funds who are working or have worked in the UK and offers a range of fund choices including BlackRock and Schroders.
Analysis estimates around £20 billion in UK pension pots could benefit from consolidation.
Hrishi Kulkarni, managing director at iSIPP, said: “This is an exciting step for us, and we are delighted to bring a digital solution to the UK and international consumer market. iSIPP is designed to give clients control over their pension and choice for investments, whilst continuing to provide a personable service with high levels of innovation and transparency.
“Consolidating pensions gives clients better control and offers full oversight of their pension fund performance enabling them to make more informed decisions while also only having to deal with one pension provider on their retirement.”
Kulkarni added: “Our offering is all backed up by the strong track record of iPensions Group of deep technical knowledge, high-calibre service and decades of experience to help us deliver our vision of leading the pensions sector.”
