Provider Hartley Pensions has developed a self-invested personal pension portal which offers IFAs full automation of pensions administration amid the ongoing coronavirus crisis.
The portal allows IFAs, their clients and execution-only clients to set up, administer and take benefits from their Sipps in one place.
It enables advisers to manage Sipps and investments online and provides full automation of the drawdown process.
Advisers are also able to view bank transactions and investment summaries and to communicate with their clients via the portal's messaging service.
According to the provider, for each individual client advisers can review Sipp performance, portfolio performance, transactions and fund splits, all of which are displayed graphically.
Denis McHugh, chief executive officer of Hartley Pensions, said: “Once again Hartley Pensions is at the forefront developing market leading propositions for IFAs. We are immensely proud of the Hartley Portal and we hope that IFAs will immediately see the benefits it offers their business”
Hartley is owned by Wilton Group, a Mayfair-based wealth manager that provides advice to entrepreneurs and high net worth individuals.
In recent years Hartley snapped up a number of defunct Sipp providers.
Earlier this year (February 19), it bought the Sipp business and certain assets of Guinness Mahon for an undisclosed sum, involving 4,000 Sipps with a total investment value of £300m.
In September 2019, Berkeley Burke’s administrators announced that the Sipp arm of the business would be sold out of administration in a pre-pack deal with Hartley Pensions.
This came after Hartley bought the £130m client book of GPC Sipp in August, which entered into administration after it was embroiled in hundreds of customer claims.
Troubled provider Lifetime Sipp also transferred 40 per cent of its Sipp book to Hartley Pensions ahead of going into administration in March 2018.
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