GBST Holdings Limited (ASX: GBT), today announced Barnett Waddingham, a leading bespoke SIPP provider, has implemented GBST’s Composer platform to support the growth of its SIPP business.
GBST’s Composer system will provide the administrative solution to Barnett Waddingham’s new and existing SIPP clients, enabling greater flexibility to support the firm’s bespoke SIPP offering.
Composer offers a single, fully integrated, system to administer retirement and savings products, managed funds and structured products.
Julia Bassett, Chief Operating Officer of BW SIPP, said, “With increased capital adequacy requirements, major changes to illustrations and the FSA’s thematic review all underway, upgrading our SIPP administration platform provides us with the capacity to meet these challenges head on
“GBST’s Composer platform offers the flexibility needed to deliver bespoke SIPPs to our existing clients while allowing us to innovate and bring new products to market faster.”
Rob DeDominicis, CEO of GBST Wealth Management said, “Barnett Waddingham is a quality provider of highly bespoke SIPPs with a strong reputation for customer service. This can place strain on any automated system and it is testament to the design of Composer that we are able to accommodate Barnett Waddingham’s clients’ requirements while significantly increasing efficiency.”