BNP Paribas Securities Services has unveiled a white-label SIPP solution which will enable advisers, wealth managers and asset managers to launch their own SIPP product.
The package will be provided through a comprehensive range of existing services all held within the SIPP tax wrapper. BNP Paribas will provide the infrastructure and staffing to ensure the regulatory and administrative functions required by HMRC and FSA are covered.
The BNP Paribas SIPP will give investors access to a range of assets including collectives, equities and commercial property. It also provides features clients expect from a SIPP such as income withdrawal through unsecured and alternatively secured pensions.
BNP Paribas says the SIPP solution will allow clients to concentrate on their core business and benefit from its experience in fund administration, retail product administration and investor servicing.
Mark Lindsay, life and pensions product manager at BNP Paribas, says: "The provision of a SIPP product is a core component of our strategy to support UK advisers, wealth managers and asset managers.”
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