iPensions Group, recently rebranded from Momentum Pensions, has launched The Platform SIPP to enable advisers and clients to consolidate their pensions into an online managed SIPP solution.

The Platform SIPP includes 2,500 investment options including funds, investment trusts, ETFs, and cash/deposit accounts. It is available to UK and non-UK residents.

There are no dealing fees for online direct dealing and there is no SIPP set-up fee or transfer in fee. The annual trust fee is £200, and the platform service fee is 0.35% a year.

The Platform SIPP is the first proposition launched following the appointment of the firm’s new group CEO Sandra Robertson in May.

Ms Robertson said: “The launch of the Platform SIPP provides a new highly competitive option for advisers which gives control and flexibility while offering 24/7 access to manage and monitor portfolios.

“It’s a strong proposition which we are delighted to bring to market as the first launch under iPensions Group and underlines our ambition and focus on growth in the market.

“The market for pension consolidation will continue to expand as UK and non-UK residents look to bring all their pension schemes together and The Platform SIPP is ideally positioned to support advisers and their clients.”