GBST, a provider of wealth administration software, will continue to power the administration of Barnett Waddingham SIPPs through its Composer platform following the renewal of their partnership agreement.GBST has provided SIPP administration support through its award-winning Composer platform to Barnett Waddingham since 2013. Under the continued partnership, Barnett Waddingham will benefit from GBST’s extensive at retirement capability supporting both platform and fully bespoke SIPPs. It will also participate in the continued roll-out of Composer’s technology upgrade programme, which includes an extensive catalogue of API services and a more intuitive user-experience while maintaining all the functions previously available.
David Simpson, Head of EMEA at GBST, says: “We are delighted to extend our partnership with Barnett Waddingham as they continue to expand their business. Composer’s new cloud-based technology provides a scalable, resilient, and secure service delivery model while offering Barnett Waddingham the flexibility to develop its bespoke proposition through our leading capabilities in the decumulation space. With continued change in the regulatory landscape, Composer also gives all our clients the peace of mind that regulatory updates are included as part of our ongoing licence fee.”
Julia Basset CEO of BW SIPP LLP business says: “Our partnership with GBST provides us with a robust back office system which has enabled us to develop our straight through processing and differentiate us from our competitors. Our automated third-party administration and co-branded SIPP arrangements via our APIs, means our partners can remain focused on the investment proposition whilst also providing a quality pension product to their clients without bringing the complexity and associated risks in-house. This is fully supported by a team who have the knowledge and experience to advise on the technical and regulatory aspects of the pensions market and ensure a seamless customer journey.”