Pension specialist and SIPP provider Momentum Pensions is responding to escalating SIPP demand from advisers with the launch of a new web-based offering designed to provide cost transparency.
Momentum’s research shows that 91 per cent of advisers believe that transparency of charges is important or very important when selecting a SIPP provider’s solution for their clients.
Momentum’s research also provides further evidence of a buoyant SIPP market with nearly two-thirds of advisers (64 per cent) anticipating a sustained increase in SIPP enquiries for the remainder of 2017.
It has developed a new website with the latest remote access functions for smart phone and tablets to ensure advisers have swift connection to technical support and knowledgeable spokespeople. Fast access to technical support is cited as important or very important by 82 per cent of advisers in Momentum’s recent industry poll.
John McCreadie, head of sales (UK), Momentum Pensions, says: “This new web development is the next stage in our ambitious plans for increased SIPP market share. Advisers are united in their demand for clarity and need for specialist technical support.
“Advisers tell us that too many SIPP providers hide behind intricate charging models in order to frustrate simple product comparisons. Our new SIPP proposition, hosted on our new website, will make advisers’ jobs much more straightforward when discussing SIPP options with their clients.”
Momentum has taken a dynamic approach to the development of its SIPP range which is designed to evolve with clients as their investment requirements change, enabling investors to move between the products, free of charge, when they need to.
The new range comprises of Momentum Core SIPP, a standard SIPP with a panel of quality investment providers; Momentum Property SIPP, which is designed for those who want commercial property investment with a clear fee structure; Momentum Advanced SIPP, an open architecture SIPP for those with more sophisticated investment needs; and Momentum International SIPP, a SIPP specifically designed for the needs of non-UK residents.