Momentum Pensions is rebranding its self-invested personal pensions (Sipp) business to iPensions Group, as it paves its way for growth in this area.
The firm said the rebrand reflected its focus on innovation in the Sipp market and plans to release new products throughout the year following “significant investment” in technology.
The rebrand follows the appointment of group chief executive officer Sandra Robertson in June.
Momentum Pensions will remain the brand for its qualifying recognised overseas pension schemes (Qrops) business and the group administers more than £2bn in assets for 10,000-plus clients across multiple jurisdictions.
Ms Robertson said: “iPensions Group launches with a strong track record of deep technical knowledge, high-calibre service and ambitious plans for future growth.
“The company’s decades of experience help us to confidently develop and blend technology with strong technical support, transparent communication, robust diligence and dedicated people to deliver our vision of leading the pensions sector.
“The update of our brand elements helps to embody our vision better and it paves the way for future developments.”
Last year (August 2019), Momentum Pensions partnered with Conexim to offer a platform option to its international Sipp clients.
The platform only offers investments in clean share classes, meaning there is no extra costs or commission and clients have access to up to 4,000 funds.
amy.austin@ft.com
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