A pension group and insurance company, both with Island links, have joined forces to help clients planning for the long-term.
Hartley Pensions, part of the Wilton Group, has teamed up with RL360 to create a Self-Invested Personal Pension (SIPP).
The RL360 SIPP can be set up entirely online, a major plus during the Covid-19 restrictions, and is ideal for those seeking a pension transfer or to begin funding their retirement.
Considered more cost effective than other pension schemes, it can also be used alongside any RL360 single premium products.
Neil Chadwick, RL360’s Head of Technical Services, said: ‘Recent months have demonstrated the importance of being able to make people’s lives as easy as possible and we believe this is a major step in the right direction.
‘In conjunction with Hartley Pensions, we are pleased to be able to offer advisers the choice of an alternative pension product that allows the application and ongoing servicing of the scheme to be carried out entirely online.’
Michael Baber, Technical Director at Hartley Pensions, added: ‘We are really looking forward to working closely with RL360. We pride ourselves on establishing and maintaining long-lasting relationships with our business partners and clients by providing them with professional, friendly and personalised administration services. Our products are designed to be flexible, straightforward and relevant to our clients’ needs.’ A SIPP is a tax-efficient investment vehicle intended to provide benefits in retirement. The investment component of the RL360 SIPP is restricted to RL360 products only.