Selestia has entered the pensions market for the first time after receiving the relevant permission from Her Majesty's Revenue and Customs (HMRC).
The online business solution, more associated with investment products such as ISAs, PEPs and investment bonds than pensions, says the Selestia Collective Retirement Account (SCRA) will be available to advisers from today, having received its permission from HMRC on Thursday. Selestia says A-Day has been a catalyst for substantial change in investors attitude towards retirement planning, adding the arrival of open architecture platforms into the pensions market has made the role of fund supermarkets an increasingly important one. It suggests Self-Invested Personal Pensions (SIPPS) and o...
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