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Hargreaves Lansdown hits landmark 2m clients
Investment platform and SIPP provider Hargreaves Lansdown has notched up its milestone 2 millionth client and has also seen record assets under management, according to its 2025 Annual Report.
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Failed SIPP firm clients updated ahead of legal judgment
Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.
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JPMorgan to replace Nutmeg with new investment platform
JPMorgan is to launch a retail wealth management and investment business with its own DIY investment platform next month.
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5 year gap between dream retirement age and expectation
While people dream about retiring at 62 they do not expect to be able to retire until they hit 67, according to new research.
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Sales of escalating annuities surge
Sales of escalating Guaranteed Income for Life annuities that have some inflation protection, accounted for a fifth of all sales in 2024/25 and have increased by 17% year-on-year.
Liberty Sipp to launch low-cost Sipp and online application
The firm said the Sipp would be launched within the next 3-4 months while the application would be by the end of the year.
The online application would allow advisers to complete the whole process online as it will not require a signature.
This will form part of the 'Liberty Portal' which will be a point of information for IFAs.
Matthew Rankine, technical sales and marketing manager at Liberty Sipp, said: "Liberty Portal will be where IFAs can log in and get online valuations. It will be the go-to place for IFAs.
"We aim to have personal contact with IFAs but if they have questions such as about charging then they can go on and do all of that."
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He said he felt this was the way the market was heading and that Liberty "would be left behind" if it did not update its offering.
"This should help reduce time wasted and reduce admin times. A lot of financial service firms are becoming more streamlined but the Sipp industry seems to be lagging behind."
Mr Rankine said the Sipp industry was "generally easy to understand" and he criticised firms that made Sipps confusing, especially those who used complexity for their own benefit.
He said: "There is massive negativity surrounding pensions, people don't trust pension companies and don't want to invest into one. You can't trust something you don't understand."