New Products
Pershing Launches New SIPP
Pershing, a BNY Mellon company, has launched a self invested personal pension (SIPP) solution for its wealth management and financial advisor clients.
Pershing, a BNY Mellon company, has launched a self invested
personal pension (SIPP) solution for its wealth management and
financial advisor clients.
Pershing said in a statement that the SIPP will offer a low-cost
fee structure, online services including a projection tool, and
full integration within NexusComplete, Pershing’s online platform
for account management.
“Our SIPP solution is transparent, efficient and cost effective,
reducing the administrative burden for clients so that they can
focus on managing and advising on investor assets,” said Kevin
Bonar, CEO of Pershing.
“Our parent company, BNY Mellon, is the largest provider of
custody and safe-keeping services in the world and introducing
the new solution builds on this base. Our clients are seeing
strong demand for SIPPs thanks to the wide investment choice, tax
advantages and the range of retirement options available,” he
added.
The new SIPP will be offered alongside the existing range of
third-party SIPPs Pershing already offers through its wrapper
network.
