BNP to launch corporate SIPP admin service

Tina Wilkinson, head of wealth manager solutions at BNP Paribas Securities Services, says the bank is holding talks with large insurance groups and will roll out the service within the next two months. "This is a product of the future," says Wilkinson. "It gives corporates more flexibility and choice. We already have the product and are very close to getting a client." Wilkinson says the new offering will help people save for retirement, thereby addressing one of the FSA's key concerns. Although companies have developed corporate SIPPs, Wilkinson says BNP is the only firm ready to ...