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Selestia entering SSAS field in link with retirement specialist

Selestia is entering the SSAS market through a tie-up with bespoke retirement advice specialist and pensioneer trustee Pensions Associates.

The deal will enable IFAs receiving advice from PA to access Selestia&#39s online investment and admin tools in addition to its reregistration service and P-Scan instrument, which helps portfolio monitoring.

PA says the move will allow IFAs to spend more time with clients and experience a continuity of service unavailable with other trustees, as each pension scheme has an account service responsible for its day-to-day operation.

It also points out that there are no restrictions or requirements on the use of specific solicitors or managers when dealing with pension scheme property purchases. If clients do not use a designated company when doing this, PA will not levy any additional fees.

Selestia says the deal is a important step in its development and will help IFAs with the paper trail needed with long-term products.

Selestia marketing director Bill Vasilieff says: “When dealing with long-term investments such as pension planning, it is more important than ever to ensure that the investment element of the policy is correct and that an audit trail is created to support the IFA&#39s investment decisions.”

PA managing director Tim Sargisson says: “The platform provides the IFA with a robust investment proposition and an admin system that will significantly reduce the time spent on their paperwork and compliance, leaving the IFA available to spend more time helping their clients.”

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