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Momentum to unveil SIPP platform next year

Malta-based Momentum Pensions is planning to launch an online platform for self-invested personal pensions next year, the group chairman Mark Gaywood announced during an exclusive interview with International Adviser.

The new offering, which Gaywood called ‘ISIPP’, will be a low-cost online platform aimed at UK residents.

The platform will give investors the option to invest into a self-invested personal pension (SIPP), either with the help of a financial adviser, or directly without a financial adviser.  

Gaywood said the company has other growth plans, including the possiblity of further acquisitions. He also said Momentum is in the process of putting more technical sales people on the ground in the UK.

In July, Momentum bought SIPP provider MPL. The provider also took on a majority stake in Calderwood Pensions in October last year. 

Watch the video to find out what Mark Gaywood had to say about Momentum’s plans over the next few years.

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