Momentum Pensions caps commission on life products
As it revises the acceptance criteria for its international Sipp
As it revises the acceptance criteria for its international Sipp
With a fixed percentage fee and no additional custody or dealing costs
Americans with UK pensions have ‘been underserved over the years’
Plus, managing director of Aussie financial services firm will leave role with A$1.2m handshake
Momentum Pensions is positioning itself for further expansion in the growing UK Sipp market by launching a portal that enables applications to be submitted online.
Guernsey-based platform Momentum Wealth International has partnered with two well-established expat-focused pension providers, Edinburgh-based Forthplus and the unrelated, multi-jurisdictional Momentum Pensions to give a worldwide push for customised versions of their self-invested personal pension schemes.
International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.
Rising concern about the future viability of UK defined benefit (DB) pensions schemes is driving demand for transfers into self-invested personal pension plans (Sipps), according to research published Tuesday.
The Financial Ombudsman Service (FOS) received 15% more complaints about pensions in 2016/2017, with Sipps one of the most complained about products, despite a 6% drop in the number of people contacting the financial redress service.
Malta-headquartered Momentum Pensions has clarified rules around which assets it will accept into its International Sipp as chief executive Stewart Davies confirms the sector is under a “heightened level of scrutiny”.
Malta-headquartered Momentum Pensions has launched a property Sipp product aimed at tackling the “lack of transparency in the property purchase market”.
Value Partners has poached the chief executive of Prudential’s Asian investment arm, Eastspring Investments. Standard Life Investment has named a head of investments, with Nordea Asset Management replacing its outgoing chief executive.