Premier Pension Services (PPS) has agreed on a joint venture with fundsdirect to provide online trading for its self-invested personal pension (SIPP’s) through PPS’s Web site.
“The service will offer clients and their advisors’ access to over 1,400 funds at competitive terms,” says Nigel Manley, head of self invested pensions for Premier Pension Services. “This is a significant step forward but is only part of much wider plans for the continued growth of our self-invested pension’s portfolio. Despite now having a new ‘E’SIPP product we see our market position as focusing on added value through technical and consulting support to IFA’s, innovation and good old fashion service.
“Our ‘E’SIPP is effectively a hybrid that can start as an online product and then be used by the member when needed to invest ‘offline’ – particularly when it comes to property,” says Nigel.
“We are delighted to have been chosen by Premier Pension Services for this important development,” says Hugo Thorman, managing director of fundsdirect. “The task was to provide a market leading online investment dealing platform for the Premier Pension Services SIPP within a tight timescale. It has been challenging but the delivery was on time and to specification. With the impending regulation of SIPPs and increasing demands from both IFAs and clients we think this new PPS proposition will set a new benchmark for the industry.”