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

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 Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

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.

Per the new offering, IG SIPP will also aim to provide its investors with access to myriad domestic and international shares and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-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.

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.