Online investment manager Nutmeg is set to launch a personal pension in early 2015, which will be administered by Hornbuckle.
Nutmeg’s personal pension option will be launched early next year, with product details to follow in the new year.
Under the partnership, Hornbuckle will provide administration technology, powered by FNZ, to service pension trustee and white-labelled client administration to Nutmeg.
Nick Hungerford, chief executive at Nutmeg, added that the firm has carried out extensive research this year to understand what customers really want from a pension service.
“It will be easy to use, flexible and intelligently managed, all for one simple, low annual fee.”
Phil Smith, chief executive of Hornbuckle, said the firm’s straight through processing methodology was chosen in a competitive tender by Nutmeg.
“Their selection validates the investment we are making in user experience, product design and technology solutions that we will roll-out to our clients and distribution partners during 2015.
“The freedoms brought about by the new pension reforms will only serve to increase client demand for ease and flexibility of servicing capabilities for all asset types. Our new technology portal, Embark, will be able to provide these for both traditional and non-traditional assets.”
peter.walker@ft.com
