WealthOS has launched the first cloud-native solution for Self-Invested Personal Pension accounts (SIPPs) in the UK.
WealthOS say that the latest technological developments will address frustrations customers have held in getting access to their money.
Anton Padmasiri, founder and CEO of WealthOS, explains: “The SIPP industry has been slow to digitalise middle and back office functions to seize the full business potential unlocked by Pension Freedoms. For savers rushing to use their annual SIPP allowance before the end of the tax year, too many will encounter delays caused by shortcomings in providers’ management systems. Our technology will help address these common pain points head-on.”
The software automates SIPP management, reducing costs and the operational risks of manual processing.
The cloud-native platform enables providers to select all or some of the modules in the SIPP solution.
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