Charles Stanley has signed its Sipp administration business EBS Management to the Options Transfers service.

EBS has a long history in the pensions market, having launched its first Small Self-Administered Scheme in June 1976 and its first Sipp was established in December 1996.

Kate Ragnauth, director of EBS Management, said: “We want to ensure we are providing the highest quality of service for our Sipp members, which includes using the best technology available.

“Origo’s Options Transfers is a tried and trusted service that has been operating since 2008. It will help us deliver fast and efficient cash transfers, enhancing our overall service to members and ensuring we are a top destination for people looking for the best place to manage their pension assets.”

Paul Pettitt, managing director of Origo, said: “The Sipp market is highly competitive and one of the key features of any provider is its investment in technology to ensure it is providing the best service to the members of its pension scheme(s).

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“Origo Options Transfers is continuing to grow at pace. We recently announced that 75 brands were now members of the service and we are delighted that EBS Sipp now is part of the Options community.”

He said: “Importantly, before an organisation can become part of the Options community it is subject to our due diligence process, which means that while regulation requires members of the Options community to conduct due diligence at an individual transfer level, every user has the comfort of knowing they are part of a ‘trusted service’. That level of trust between 75 financial services brands is invaluable in the transfer market.”