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Momentum adds to leadership team


Momentum Pensions, a pension specialist and SIPP provider, has appointed Craig Cheyne as UK Managing Director.

Cheyne joined Momentum Pensions in August 2013 and has worked in financial services for over 25 years, building his career as an IFA, with extensive international experience built in Singapore and South East Asia with Royal Skandia International, and in the UK with Zurich Life.
Mark Gaywood, Group Chairman, Momentum Pensions, says: “Craig is the ideal candidate to lead our UK business and will drive our ambitious growth strategy centred around deep technical knowledge, focused and personal service to the adviser community and a transparent operating model.”
Cheyne says: “I am excited to be joining Momentum Pensions UK operations at this stage in its development. Our goal is to become a dominant player in the specialist pensions sector and our growth to-date validates our commitment to building trusted adviser relationships.”
The UK and international specialist has achieved growth of around 120 per cent in total UK SIPP accounts in the past 12 months as group assets under administration have hit GBP1.6 billion.
Significant investment in technology and recruitment of administration staff means the group is well-positioned for further growth and has funds available for acquisitions to support its long-term business strategy.
Momentum has seen strong growth in its average SIPP case to around GBP250,000 and is benefiting from the boom in defined benefit pension transfer business as well as advisers’ confidence in its ability to deliver solutions for high net worth clients.
Momentum has a pedigree in the SIPP market stretching back over 20 years and is established as a top 15 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, within the specialist pension market.
It was the first company to offer the option of switching for free within a multi-jurisdictional proposition.

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