IG Group Bolsters Long-Term Offering with Self-invested Personal Pensions

IG’s SIPPs will be administered by James Hay, helping cater to long term investors.

IG Group has partnered with James Hay, a retirement wealth planning investment platform, to unveil a new self-invested personal pension (SIPPs) offering, helping cater to longer-term traders, according to an IG Group statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

IG’s SIPPs will be administered by James Hay, which will in turn rely on their Modular iPlan pension product – the cost for this service yields an annual administration fee of $286 (£195) per year. James Hay is a household name for pensions, which boasts nearly 56,000 clients and upwards of $28.5 billion (£19.4 billion) in investments.

Suggested articles

Forex in Russia: 100 Steps BackGo to article >>

Per the new offering, IG SIPP will also aim to provide its investors with access to myriad domestic and international shares and exchange-traded-funds (ETFs) – all SIPP eligible markets on IG Group’s share dealing platform are slated to be available within the SIPP framework.

IG Group’s SIPP is also fully compatible with existing SIPPs and will enable users and new investors to transferring their existing SIPP or shareholdings within to their IG equivalent. In addition, a one-off cash incentive is available between £75 and £250 to those transferring at least £10,000 into an IG SIPP account.

Ian Peacock
Ian Peacock, Head of UK & Ireland, IG Group

According to Ian Peacock, Head of UK and Ireland at IG Group, in a recent statement on the offering: “The addition of SIPPs is an important step in the development of our offerings for the longer term investor. As the government moves further from pension provision, placing the responsibility to prepare for retirement firmly on the end investor, it is important that clients have access to the full range of account types to efficiently manage their long-term investments.”

IG Group made headlines recently after it launched the London Mayoral Election Barometer, helping guide traders with data insights ahead of the election earlier this month. The group had also done the same for the US primaries, part of an ongoing effort to fortify its offering with more informative analyses.

Got a news tip? Let Us Know