The self-invested personal pension enables advisers, wealth managers and asset managers to launch their own Sipp proposition.
It says clients will be able to focus on their own core business practice while benefiting from BNP Paribas’ experience in fund administration, retail product
administration and investor servicing.
BNP Paribas will provide all the infrastructure and staff to ensure all regulatory and administrative functions required by HM Revenue & Customs and the FSA covered.
Life and pensions product manager Mark Lindsay says: “The provision of a Sipp product is a core component of our strategy to support UK advisors, wealth managers and asset managers. The BNP Paribas Sipp gives investors access to a wide range of assets, including collectives, equities and commercial property. It also provides advisers with the features that clients expect from a Sipp – such as income withdrawal through unsecured pension and alternatively secured pension.”