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Novia to launch group Sipp scheme

Online wrap provider Novia Financial is set to launch its group Sipp scheme in May.

Novia claims it is the first to offer full wrap functionality for a group Sipp. It says the online service provides modern systems and efficient administration and the open architecture options provide choice for advisers and their employee investors.

Novia says the enhanced investment choice includes authorised collective investment funds, exchange traded funds, investment trusts, equities and unauthorised funds such as hedge funds and structured products.

Novia adds that advisers will have access to features including portfolio planning tools, pre-populated application forms and online access to client valuations and transactions.

Chief executive Bill Vasilieff says: “The addition of the group Sipp scheme to Novia’s full wrap platform offers advisers and employers an excellent, flexible group pension scheme which can be tailored to individuals as their earnings and lives change.

“For those approaching retirement and wanting investment flexibility our Sipp provides all the usual options to draw income or purchase an annuity. Our wrap enables different investment strategies to be implemented for the client for each element of their pension.”

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