Pershing has announced that it is to launch a new Sipp off the back of strong demand from clients.

The company said the Sipp has been designed to offer "transparency and streamline administration for Pershing's clients".
Kevin Bonar, CEO of Pershing, said: "The introduction of the Pershing Sipp is a reflection of our commitment to delivering choice, safety and value to our UK clients.
"Our Sipp solution is transparent, efficient and cost effective, reducing the administrative burden for clients so that they can focus on managing and advising on investor assets."
The Sipp will give access to online services including a projection tool, literature library, valuations and transactions summaries and a consolidated wealth view incorporating investors' retirement funds with their other investments.

{desktop}{/desktop}{mobile}{/mobile}

Mr Bonar said: "Our parent company, BNY Mellon, is the largest provider of custody and safe-keeping services in the world and introducing the new solution builds on this base.
"Our clients are seeing strong demand for Sipps thanks to the wide investment choice, tax advantages and the range of retirement options available.
"The latest addition to our range of solutions will help our clients meet this demand with a simple and easy to manage solution."
The new Sipp will be offered alongside the existing range of third-party Sipps Pershing already offers through its wrapper network, thus extending the range of options available to its clients.
Wealth managers and advisers will be able to get full integration within NexusComplete, the online platform for account management, order execution and portfolio management, by signing up to the new Sipp.