Online Sipp cuts out data re-entry

1 October 2009 0:38 am

Gaudi is claimed to be the first online Sipp to eliminate manual data re-entry. It will allow firms to offer plain vanilla Sipps and more complex structures. It will offer all permitted Sipp asset classes and funds and is providing an online Sipp for IFA firm Informed Choice.

Melvin says: "The Sipp is a great product but there has to be a better way of running it than exists in the market. There are quite a few Sipp providers who are going ahead with the typical IFA broker fieldforces but not doing it on a business-to-business basis, as we will be."

Finance and Technology Research Centre director Ian McKenna says: "There would need to be detailed integration between the adviser's chosen client management system and Gaudi so that any information is being exchanged in an entirely secure manner. It will be important for advisers to satisfy themselves on such issues."

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