Our SIPP division, BW SIPP LLP, has taken on almost 10,000 SIPPs since 1 October, bringing the total now administered to more than 14,000.
This comes following recent new business, led by a partnership with Interactive Investor (ii), and takes the SIPP assets under administration to more than £3.4bn. We are now one of around just 15 SIPP specialists responsible for administering more than 5,000 SIPPs.
The BW SIPP LLP team developed a new digital online pension product using robust, best-in-class technology that allows customers to access their personal information solely online. This new, highly-scalable digital mechanism has created a great value business model bringing us in line with some of the UK’s top SIPP providers.
“Notwithstanding the recent tremendous growth since the pension freedoms were introduced, the SIPP market is becoming increasingly more attractive to UK investors taking a personal interest in their pension investments. Once considered an option for the very wealthy investor, SIPPs are now becoming more mainstream.
The significant increase in SIPPs we administer is testament to the hard work and commitment of our specialist team, alongside the investment we made in our systems and online capabilities.
Our proprietary systems and investment in technology have given us the ability to professionally administer a large volume of SIPPs, while still providing the high quality service and personal touch that our customers have come to expect.“
Julia Bassett, CEO at BW SIPP LLP