Pensions specialist and SIPP provider Momentum Pensions has launched a dedicated secure portal for advisers and clients.
The investment in its digital capabilities is aimed at further enhancing service standards for advisers and clients and positions Momentum for further expansion in the growing UK SIPP market.
Advisers can now submit SIPP applications online and generate online illustrations enabling Momentum, which has seen group assets under administration grow to GBP1.6 billion, to respond quickly and efficiently to increased applications for UK SIPP accounts. The new portal provides quick and easy electronic submission of applications using a step-by-step online process for completing the basic application instead of using paper.
It offers an online Key Facts Illustration (KFI) tool showing benefits at retirement, the effect of charges and reduction in yield and the ability to adjust inputs as often as required. Advisers can receive the KFI as a PDF and access the latest KFI from client accounts. Applications can be saved online and completed later and all client verification checks can be completed online.
The latest significant investment in technology builds on ongoing recruitment of administration staff at Momentum as it responds to demand from advisers and clients.
Stewart Davies, CEO of Momentum Pensions, says: “The launch of the new portal is the latest development in our ongoing investment in technology and administration.
“Advisers and clients expect high standards of service and it is important that we meet that demand.”
The new service enables electronic signatures while firms who do not accept electronic signatures as part of their internal policies will be able to receive PDFs via email to be printed and signed.
Momentum has a pedigree in the SIPP market stretching back over 20 years and is established as a top 20 provider in the UK. 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 Momentum SIPP Range is administered in Manchester and is backed by a highly skilled team with servicing and technical expertise, including property transactions, across the specialist pension market.