iPensions Group launches online SIPP
24 September 2020
iPensions Group has launched an online SIPP, the first in a series of technology-led pension solutions for the firm.
The Platform SIPP will offer advisers and their clients access to over 2,500 investment options including funds, investment trusts, ETFs as well as cash and deposit accounts. All options have gone through a due diligence process and only assets that comply with the FCA’s list of standard assets are included.
The firm, which recently rebranded from Momentum Pensions Limited, says clients will benefit from “24/7 online access and monitoring of their SIPP portfolio” as well as a “clear and transparent” fee structure.
The annual trust fee is £200 and the platform service fee is 0.35% a year, with no set-up or dealing fees.
iPensions Group CEO Sandra Robertson (pictured), who joined the firm in May, said the launch of the new SIPP provides advisers with a “highly competitive option” for their clients.
Robertson says: “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.”
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