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Barnett Waddingham selects GBST to support Sipp administration


Barnett Waddingham has chosen technology provider GBST to support the administration of its Sipp business.

GBST’s ‘Composer’ platform will provide administrative support to new and existing BW Sipp clients.

BW Sipp chief executive Julia Bassett says: “With increased capital adequacy requirements, major changes to illustrations and the FSA’s thematic review all underway, upgrading our Sipp administration platform provides us with the capacity to meet these challenges head on.

“GBST’s Composer platform offers the flexibility needed to deliver bespoke Sipps to our existing clients while allowing us to innovate and bring new products to market faster.”



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Although adviser numbers have been falling since the launch of the RDR, paraplanner numbers have increased, encouraging the launch of new learning and support services for the profession. The Personal Finance Society Members Survey 2012 revealed that paraplanner numbers have grown in line with the organisation’s general membership, increasing from 1,644 paraplanners in 2010 to […]


Advisers vent anger over RDR and rising costs in FCA survey

<!– <!– –> –> Advisers have expressed “mounting frustration” over rising regulatory costs and the implementation of the RDR in a survey of all regulated firms. The annual FCA Practitioner Panel survey, conducted in February and March and published last week, shows 37 per cent of all firms believe the FSA was ineffective. The FCA […]

RBS chairman warns of further job cuts and branch closures

Royal Bank of Scotland chairman Sir Philip Hampton has warned the taxpayer-backed lender will need to make further job cuts and branch closures, according to reports. According to reports, Hampton told investors at the bank’s annual shareholder meeting of “further impacts on employees” as RBS attempts to boost its financial performance. He said: “We’ve got […]

Tony Mudd: When it pays to give

Much has been written of the FA 2002 schedule 1A amendments to IHTA 1984, which the readers will be well aware is the legislation introducing the new 36 per cent rate of inheritance tax. This rate can apply where 10 per cent or more of the deceased’s estate is left to a charity in respect […]


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