Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Xafinity to become pension provider with launch of group Sipp

by admin
October 1, 2008
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

Xafinity says it is making the move in response to a diminishing role for consultancy services on defined benefit pension schemes.

It will develop a proposition to be delivered through IFAs and will also offer the group Sipp directly to its own clients where it expects it to sit alongside existing core pension provision. The company will not however be offering group personal pensions or group stakeholder pension plans. The Hazell Carr Sipp is linked to the FundsDirect platform, but Xafinity is yet to reveal whether that platform provider or a different one will form part of its new group Sipp.

It is also looking at a master trust pension product as an alternative for defined benefit clients looking for an alternative solution to bare bones DC offerings.

Greg Clay, marketing and sales director at Xafinity says: “We have never had a pension product before but as the defined benefit market continues to decline we realise there will not be the consultancy or advisory fees around in the future. For this reason we realise we need to play in the Sipp space. We have the technological capability to deliver this sort of solution and this is a product that we need to be offering.”

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Parliament-UK-Government-Dusk-700.jpg

    GAD to assess state pension age in third review

  • Stancombe to lead retirement platform business

  • Towergate Employee Benefits appoints principal consultant

  • Forget the dream holiday: Mercer reveals 50pc of over-55s experience ‘FORO’

  • Fidelity default hit’s £20bn

  • Nest, Smart and XPS connect to dashboard

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.