Pensions  

Prudential and Hornbuckle in Sipp tie-up

Prudential and Hornbuckle in Sipp tie-up

Hornbuckle and Prudential have launched a joint initiative combining the PruFund range with the flexibility of a full Sipp wrapper.

Key features

While the PruFund range focuses on stable returns for income with options to guarantee capital value, the Hornbuckle Sipp offers the flexibility to adjust and add investments into the pension wrapper

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Clients can switch freely between the range of PruFunds within the Sipp

Advisers can access the proposition through a single application process including just one joint application form, which combines the set-up of the pension wrapper and placing the investment with Prudential

Vince Smith-Hughes, head of business development at Prudential, said: “Tie-ups such as this will become more commonplace as providers focus on supporting advisers who are in ever greater need of efficiencies and wider options for their clients.”

Adviser verdict

Carl Melvin, director of Renfrewshire-based Affluent Financial Planning, said: “This tie-up of organisations to make things work seamlessly makes sense, but why has it taken so long? Wraps have been around for 15 years – they are not new.”