Admin for IPA market

Winterthur Life's sister company Personal Pension Management Limited (PPML) is to position itself as an IPA wrapper provider for retail funds, writes Mohamed Ali Bernat. PPML, which specialises in Sipp administration, now plans to target unit trust groups that want to offer their funds through a pension saving vehicle alongside core products such as Isas. PPML business development director Julian Palmer said he believed the high-net-worth market will be lucrative, with individuals not only contributing to a non-working spouse's or dependant's pensions, but also redirecting any overspill f...