brooklands pensions launches intl wrap platform

The new Brooklands International Platform soft-launched on the first of August, after almost two years’ of planning, utilising technology and custodial services provided by SEI, the US-based platform giant.

Paul Evans, Brooklands’ managing director, said he saw platforms as the obvious next step for a global company like Brooklands, which originally was launched in March 2006.

“Many of today’s dominant global platforms started out as pension providers or trustees,” Evans added.

“Therefore, as [a] leading multi-jurisdictional QROPS and SIPP provider, the Brooklands International Platform is a natural evolution for us.”
Evans said Brooklands Pensions chose SEI as its platform technology provider because it is “one of only two platform technology companies in the marketplace” that was seen as being able to deliver what the company needed, “in terms of back office technology”.

He said the reasons for this included the fact that it has more than $500bn in assets under administration, gives investors access to around 10,000 mutual funds, more than 1,000 exchanges and 55 currencies, and offers  “a strong and secure global proposition”.

‘…All from a single interface’

Mark Sanderson, communications manager for Brooklands, said the new Brooklands International Platform is fundamentally similar to other international wrap platforms on the market, in that it gives advisers “tools that help them to do their job”.

These include tools that cover the adviser fact-finding and “end-to-end”, advice process, as well as research tools, pension calculators and other features, Sanderson said.

But it has certain unique features as well, such as an ability to accommodate QROPS, SIPPs and similar pension entities in the cross-border space more easily than some other platforms might be expected to that have less experience in this area, Sanderson added.

“It is clear that international pensions is a core area of expertise [for us], and therefore, we have designed [our platform] to integrate with all retirement planning needs, as opposed to just having a pension wrapper bolted on.” 

New Brooklands website

In a separate development, Brooklands said it has re-launched its website, in order to provide a more comprehensive resource for advisers, while also providing information to the market on the new platform.

Among the new features will be a “members section” where introducers will be invited to register, in order to have access to product guides, application forms, news and educational resources.

Brooklands Pensions specialises in self-invested personal pensions and international pensions, such as qualifying recognised overseas pension schemes. Based in Dubai, it also has offices in London, Kuala Lumpur, New Zealand and Gibraltar.
 

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