FriendsÂ® has just announced two major enhancements to its award winning corporate pensions proposition. From 29 October 2007, its New Generation Group Personal Pension will have wider investment flexibility through a Self Invested Personal Pension (SIPP) option and increased retirement choices through an income withdrawal facility.
FriendsÂ® use rhymeSIGHTâ¢, the most comprehensive system available in the market. Rhymeâs market leading portfolio management solution encompasses; back office accounting administration, asset allocation and dealing and information distribution to clients and other intermediaries. It also has a large installed base of investment management firms.
Rhyme Systems is part of 3i Infotech, a global Information Technology company and one of the top 4 Indian Software Products Companies*.
Friends has one of the most advanced administration platforms in the marketplace - the development of SIPP and income withdrawal options that are fully integrated into that system represents a significant investment in its corporate pension proposition and demonstrates a continuing commitment to the corporate pensions marketplace.
The commitment to providing a high quality service has been reinforced by the recruitment of specialist in-house investment administration teams to provide a dedicated administration service for SIPP investments. This ensures that FriendsÂ® retains full control of the service that the adviser, the employer and the member receives.