IFGL Pensions and Ardan International have joined forces to launch a new SIPP on the Ardan platform.
The new SIPP will only be available via financial advisers and has been designed for the needs of expats who are looking to transfer in from existing UK pension arrangements.
Both firms are part of the International Financial Group.
IFGL Pensions will provide the pension expertise, governance and administration behind the SIPP, with Ardan providing the platform technology and investment access.
Advisers and customers will be able to access online valuations, consolidated reporting, investment choices, multi-currency functionality, and multiple daily trading runs for the SIPP through the Ardan platform. It also supports model portfolio functionality.
Rachel Meadows, managing director of IFGL Pensions, said: “The Ardan SIPP leverages the breadth of expertise and capability within the IFGL Group. This combined product launch has been designed to give advisers and their customers a more flexible, visible and adaptable way to plan for retirement.”
The Ardan SIPP has been designed for clients with a minimum of £50,000 to transfer.
The SIPP does not permit investment in non-standard investments.
The Ardan SIPPs are being offered with a wrapper fee of £295 per year with tiered platform charging of between 0.4% and 0.1%.
International Financial Group comprises RL360, RL360 Services, IFGL Pensions, Ardan International, Friends Provident International, IFGL DIFC and IFGL Global Trusts. The group employs 600 staff, has 212,000 customers and USD31 billion (£23.2bn) of assets under administration.