Parmenion has launched an in-house Sipp available to platform clients after finding there was demand from advisers.
The platform provider and discretionary manager revealed details of its Pension Investment Account today.
Although the Parmenion platform has access to over 30 third-party Sipps its research found that advisers were keen for an in house option.
The firm said it has already received over 100 pension applications for processing.
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A small number of advisers have supported its testing over the last month of system functions and the company described the feedback as 'excellent' – particularly over the speed of completing the online application process.
Diane Jones, Sipp manager at Parmenion, said: "We've got the necessary in-house expertise and it means that the Sipp has just become just an extension of what we do and do well.
"The whole system is process driven, rather than admin driven and therein lies its strength."
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Parmenion launches integrated pension account
