iPensions completes migration of Forthplus customers

SIPP provider iPensions Group has completed the migration of Forthplus SIPP customers following its acquisition of the business assets of the Edinburgh business.

It has integrated £500m in assets under administration.

iPensions acquired the business assets of the closed SIPP firm Forthplus Pensions in December.

It was initially expected to take at least six months to transfer the accounts of close to 2,500 customers.

Financial Planners with clients with a Forthplus SIPP can now access iPensions’ technology solution with an enhanced adviser portal.

They can manage Forthplus SIPP clients via the existing adviser portal accounts and now view up to gate client information 24/7 online.

Forthplus staff in Manchester and Edinburgh now also have access to the same iPensions technology.

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Sandra Robertson, CEO of iPensions, 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.”

Forthplus closed to new business at the start of September, before appointing an administrator in October.

iPensions offers a full range of SIPP services via the adviser market as well as expanding into the direct-to-consumer pension market last year.

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iPensions completes migration of Forthplus customers