Seccl launches fully automated drawdown SIPP

A ‘fast and flexible’ way of supporting decumulation clients

Isabel Baxter
clock • 2 min read

Seccl has launched a digital and entirely paperless drawdown self-invested personal pension (SIPP).

This follows the firm's launch of a digital SIPP for accumulation clients at the end of 2022. The accumulation SIPP should provide advisers with a "fast and flexible" way of supporting decumulation clients, according to Seccl.  The Octopus-owned custodian and platform tech provider said this technology can be used on a standalone basis by other custodians or SIPP scheme administrators - or fully embedded via application programming interface (API) into any number of other applications elsewhere in the advice journey. Instead of relying on third-party software providers, Seccl built...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pensions campaigner and former WPC chair Frank Field dies aged 81

Pensions campaigner and former WPC chair Frank Field dies aged 81

Field was a former Work and Pensions Committee chair and a welfare champion

Professional Pensions
clock 24 April 2024 • 5 min read
Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read
British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read