Novia adds pension transfer tool to wrap

Novia has added a tool on its wrap which creates pension transfer suitability reports for advisers.

The Pension Performance Review Company software will help advisers create compliant suitability reports when recommending wrap providers. Novia said the tool had been tailored to work with transfers into the Novia Sipp.

Advisers can find pension transfers tricky but the Pension Performance Review tool made the process straightforward, said Martin Broomfield, head of marketing at Novia. ‘I’m confident that this will meet advisers' need for a fully comprehensive process,’ he said. ‘By combining the benefits of this software system with the flexibility of the Novia SIPP, it opens up opportunities for the adviser community to confidently tackle pension transfer discussions.’

Paul Cadde (pictured), managing director of the Pension Performance Review Company, said: ‘Together we are sure we can help to get clients’ pension investments working harder for them by using the modern technology and range of investment instruments to which Novia provide access.’