Feature and Insight
Pension investments
and our role
Investments are a huge part of what we do here at PSG SIPP. Just like organising a transfer from a Receiving Scheme, it can sometimes require a lot of back and forth between us, the client’s Adviser and the investment provider. We asked our investment expert, Meg O’Beirne to discuss what’s involved in establishing investments on behalf of our clients and what types of challenges can occur.
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What are the biggest challenges when trying to organise investments on behalf of a client?
they will either accept this information or respond with any further requirements that need to be supplied. PSGS has no influence over these requirements, and We can often come up against this stage can involve a lot of back and problems before we have even sent the forth. If the investment company application to the investment company. require more forms to be completed, PSGS may require the client to sign We must balance our requirements these forms before countersigning and with those of different investment once again having to balance our providers. Naturally, this means we requirements with those of the need to allow for different investment company. requirements within our investment application and this can occasionally Inevitably this can all lead to delays lead to key information being missed with sending funds for investment. A off submitted applications and some policy number has to be provided by general confusion from the client or the investment company to PSGS in their Adviser on which parts of the order to do this and they will not application they need to complete. provide one until they are completely satisfied that they have got all the Once we’ve received everything we information they’ve asked for. This isn’t need from the client and Adviser and something that PSGS can control, sent this to the investment company, although we will follow up regularly.
