Source Pensions platform launches in UK

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Source Pensions, a new platform for occupational pension schemes, was today launched in the UK.

The platform provides an offering for advisers which is compliant with the Retail Distribution Review (RDR), Source Pensions said. The group added its unbundling of administration and investment management activities will allow advisers to make quick and easy changes to occupational schemes. For example, savings can be switched from poorly performing funds to more profitable competitors without rewriting an entire pension scheme, the provider said. Clare Mulligan, director of Source Pensions, said: "The system is quick and nimble to use when answering employer queries, saving a lot...

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