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Pointon York platform to support Sipp wrapper

Pointon York is setting up a technology platform to support its Sipp wrapper and will sell it into the IFA market as a white-labelled solution.

The platform is set to be launched at the end of the first quarter next year and will enable IFAs to see all of their clients’ Sipp holdings in a consolidated format.

The platform will also have a dealing account and underlying fund supermarket, which is being built with Investia.

IFAs can rebrand the platform with their own corporate identity and it will carry no Pointon York branding.

Share dealing will also be offered alongside the fund supermarket and the latter will offer a near whole-of-market choice of funds.

Pointon York managing director Christine Hallett says the group is also targeting public companies, particularly FTSE 100 firms, with share-option schemes, promoting the benefits of having shares paid into a Sipp where they will attract tax relief.

She says the market will open up further from April 2006 when share options can be paid into either occupational or personal pensions.

Hallett says: “The technology platform will enable IFAs to see a whole view of their clients portfolios and manage the Sipp from one account.”

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