Premier Pension Services (PPS), has made an agreement for an investment in Fundsdirect, the fund supermarket platform.
The facilities are to be offered to all of Premier’s SIPP and SSAS clients and their Independent Financial Advisers.
“This investment provides the basis for a strong working relationship between a platform provider and ourselves as SIPP and SSAS administrators,” says Nigel Manley, Head of Self Invested Pensions, PPS.
“The consequences will be a continuing development of new products and services to our clients and their advisers. The online trading platform facility underpins our market position as an ‘added value’ administrator outside of the volume market but with the advantages that an eSIPP or eSSAS has to offer.”
“This deal represents perfectly how a combination of professional product administration and investment administration can enhance service levels for both clients and IFAs,” says Hugo Thorman, Managing Director, Fundsdirect.
“Our ability jointly to provide a superior proposition to those of traditional product providers demonstrates how the market is moving towards unbundling and transparency. PPS have clearly shown their support for this development by both using the Fundsdirect investment administration service and investing in our business – this is great news for PPS Fundsdirect and the independent advice sector.”