James Hay’s ‘Modular iPlan’ – the SIPP provider’s platform proposition – had a strong 2015. This looks set to continue in 2016, with James Hay betting on attracting assets into its on-platform discretionary fund management proposition. It will also look to grow its share of the on-platform Sipp market.
Given James Hay’s long pedigree as a Sipp provider, it is unsurprising 97 per cent of Modular iPlan’s assets sit in its pension wrapper. The platform has successfully hoovered up Sipp plans when the opportunity has arisen, acquiring Capita’s book in 2014 and 4,000 plans from Towry in Q3 last year. To read more about James Hay’s SIPP acquisitions and its approach to DFM model portfolios on platform, take a look at our Money Marketing article.