iSIPP Launches Digital Pension Consolidation Solution

iPensions Group is expanding into the direct-to-consumer market with the launch of iSIPP, a service designed to support UK and international customers providing an attractive solution to help consolidate their pension funds. The digital solution enables customers to sign up easily at www.isipp.co.uk to consolidate funds into one pot, choose their preferred investment funds and monitor how they are performing 24/7 online, with complete transparency on fees and charges.

Industry analysis estimates around £250 billion in UK pensions pots could benefit from consolidation. Customers consolidating pension funds may also benefit from reduced fees and save time on administration.

iSIPP’s digital pension consolidation service is available to all customers with UK pension funds who are working or have worked in the UK. iSIPP is offering a range of fund choices from world-leading fund houses BlackRock and Schroders. BlackRock’s multi-asset, risk-managed MyMap range of funds are available which include an ESG fund and iSIPP also provides access to the Schroders’s Shariah compliant fund. Focusing on transparency, the annual trust fee is £200 plus a 0.25% platform services fee. Funds with OCF (Ongoing Charges Figure) start at as low as 0.17%.

iSIPP Managing Director Hrishi Kulkarni 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.  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.”

The launch of iSIPP builds on the growth strategy at iPensions Group driven by technology enabled products and solutions as it continues to drive innovation in the SIPP market following significant investment in technology.

iPensions Group continues to offer a full range of SIPP services through the adviser market with its range of SIPPs including the Adviser SIPP, Platform SIPP, USA SIPP and its Irish Transfer Service.