True Potential platform adds James Hay Sipp
Tim Sargisson, managing director of James Hay, said the 804 directly-authorised firms who use the True Potential wealth platform may want to consider the iSipp for their clients.
Users will also have access to the James Hay technical support unit, headed by Neil MacGillivray, for assistance with any generic pension, trust or taxation questions.
Mark Henderson, senior partner of True Potential, said: “We are committed to offering our clients a simple, effective and unique approach to wealth management. Through our in-house expertise and technology, as well as our buying power, we can deliver a differentiated proposition.”
Mr Sargisson added: “Working with True Potential has been a great experience. It has created an innovative and yet straightforward platform for advisers. We are pleased to offer those advisers using the wealth platform access to the James Hay iSipp which provides one of the best-value Sipps on the market to True Potential clients.”
True Potential has been committed to growing its Sipp proposition in the past year. During 2011 it launched an e-Sipp, full Sipp and personal pension wrappers. The Sipps were launched with three underlying providers – Pointon York, Intelligent Money and Suffolk Life.
Daniel Harrison, senior partner of True Potential, said: “The process we have designed will save considerable time when placing pension business on the wealth platform and includes the production of illustrations and pre-populated application forms generated by the platform without having to leave the system.
“We have also made it easy to register and agree to terms of business with each provider. This is done simply by ticking the amended wealth platform terms of business that now incorporates the terms of the three pension providers.”
Steve Robinson, managing director of Bristol-based IFA Clarke Robinson, said: “I have used James Hay for a long time. It has well-experienced people who know what they are doing.
“All platforms will need to give access to Sipps because of the changing market. Some platforms have their own and some allow access to a specialist.”