Ascentric to power the Montpelier SIPP
Friday, 3 July 2009
Montpelier Pensions Administration Services Limited (MPAS) today announces the selection of the independent wrap platform Ascentric to power its SIPP service.
MPAS recently launched its My Pensions Expert resource service for UK IFAs which provides access to the Montpelier SIPP.
The Montpelier SIPP will have access to the unbiased and unrestricted investment coverage available on the Ascentric wrap platform as well as functionality including online dealing and valuations.
As part of the arrangement, the Montpelier SIPP will be added to the Ascentric wrap platform as a Product Partner, becoming the 24th SIPP partner to sit alongside the existing range of tax wrappers that include 5 SSASs and 6 Offshore Bonds.
Kevin Wells, MD for Montpelier Pension Administration Services stated, "Joining up with Ascentric is an important strategic relationship for us and gives us access to unrivalled technology and investment administration that complements and widens our existing first class servicing expertise".
Rob Beverley, Strategic Accounts Manager for Ascentric commented, "This relationship has developed from a genuine meeting of minds; both businesses have an absolute focus on technology innovation and servicing expertise to deliver industry leading propositions to the IFA market. Providing two access points to the Montpelier SIPP will meet the needs of different client/adviser relationships and is a model that will prove popular for advisers seeking choice as well as true open architecture".
-ENDS-
For further information please contact:
Ascentric
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039
Email: dominic.ventham@ascentric.co.uk
Issued by Concise Public Relations
Martin Wood
Tel: 01252 656435, Mobile: 07946 527240
Email: martin@concisepr.com
Notes to Editors:
Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited.
Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK's first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Independent Financial Advisers (IFAs) with a Wrap service under the brand name of Ascentric.
Ascentric is a whole of market Wrap service, available exclusively to IFAs and offers a fully integrated online investment management and dealing platform. It also enables IFAs to transfer their clients' assets onto a single platform to provide them with the ability to manage their client's financial needs in just one place. This is obviously a considerable enhancement to the existing, time-consuming practice of IFAs introducing their clients to a number of different product providers.
In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group.
For further information about Ascentric and Fundsdirect, please visit either www.ascentric.co.uk or www.fundsdirect.co.uk
Royal London Group, is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Provident – UK protection market
- Royal London 360° – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap platform
Royal London also distributes life and pensions products through Abbey's national branch network.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.5 billion. Group businesses serve around 3.6 million customers and employ 2,870 people. Figures quoted are as at 31 March 2009.