Selestia has announced the launch of its Collective Retirement Account following approval from HM Revenue & Customs (HMRC).
The wrapper provides access to a range of investment propositions from 63 fund managers as well as access to leading Manager of Managers. Investments can be made into the wrap from a number of sources including individual, employer, third party and HMRC contributions, transfer of existing pensions from other schemes is also available.
Advisers, via the Selestia website, will be able to construct portfolios to suit their clients’ needs, produce client specific illustrations, submit applications online and download literature including applications forms and Key Features documents.
Bill Vasilieff, marketing director at Selestia, says: “The launch of the SCRA has been an enormous build for us and its successful launch is testament to the hard work and team effort both here in St Albans and in Cape Town. Over the coming months we will be adding regular contributions and a contract out facility from State Second Pension”.
Vasilieff says the advent of A-Day has been a catalyst for substantial change in investor attitudes towards retirement planning. He also believes the arrival of open architecture platforms into the pensions market will make the role of fund supermarkets increasingly important with self-invested personal pensions and other more niche investment vehicles taking a back seat.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Matthew West on 020 7484 9893 or email [email protected].IFAonline
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created