Growing SIPP provider iPensions Group has completed the seamless migration of Forthplus SIPP customers ahead of schedule integrating £500m assets under administration.
iPensions Group acquired the business assets of Edinburgh-based Forthplus Pensions, which was in administration, at the end of last year and initially expected to take at least six months to transfer the accounts of almost 2,500 customers.
However, the migration has been finalised faster than expected giving former Forthplus advisers access to iPensions Group's technology solution and enabling them to benefit from the enhanced adviser portal.
Advisers will be able to manage Forthplus SIPP clients via their existing adviser portal accounts and view up to date client information 24/7 from anywhere in the world.
Staff in Manchester and Edinburgh, where a new bigger office was opened in February, can now use the same technology which further improves service to members and advisers.
iPensions Group CEO Sandra Robertson said: "Delivering the migration seamlessly and ahead of schedule is a major achievement for the business and delivers on our promise to Forthplus SIPP members and staff.
"Integrating the new members, staff, and advisers into the iPensions Group has involved a lot of hard work and the successful outcome is a testament to our team and technology.
"iPensions Group is focused on delivering transparent service in a timely manner and our innovative technology combined with decades of experience and expertise in UK and international pensions means we can offer a secure home for their pensions."
The acquisition of Forthplus Pensions builds on the growth strategy at iPensions Group driven by technology enabled products and solutions as it continues to drive innovation in the SIPP market following significant investment in technology.
iPensions Group offers a full range of SIPP services through the adviser market with its range of SIPPs including the Adviser SIPP, Platform SIPP, USA SIPP, and its Irish Transfer service.
