BNP Paribas Securities Services has launched a white-label self-invested personal pension (SIPP) application, allowing advisors, wealth managers and asset managers to launch their own SIPP product.
The package will be provided through a comprehensive range of existing services all held within the SIPP tax wrapper. BNP Paribas provides the infrastructure and staffing to ensure the regulatory and administrative functions required by HMRC and FSA are covered.
“The provision of a SIPP product is a core component of our strategy to support UK advisors, wealth managers and asset managers. The BNP Paribas SIPP gives investors access to a wide range of assets, including collectives, equities and commercial property. It also provides advisers with the features that clients expect from a SIPP – such as income withdrawal through unsecured pension and alternatively secured pension,” says Mark Lindsay, Life and Pensions product manager, BNP Paribas.