Stephen Findlay

BondMason launches new SIPP service

Peer-to-peer (P2P) sourcing expert BondMason has launched a new self-invested personal pension (SIPP) service.

The company’s new SIPP service offers investors the chance to save for retirement and access a range of P2P lending opportunities filtered and approved by BondMason.

The launch follows growing demand from investors in search of better returns for their pensions.

Stephen Findlay, CEO of BondMason (pictured above), said: “P2P lending is an increasingly attractive asset class, however, SIPP administrators are rightly concerned with the practical difficulties of monitoring the activities of clients looking to invest in this sector, as well as potentially needing to set aside additional regulatory capital.

“We’ve launched this SIPP product because we recognise the need to make P2P lending as straightforward as possible, and because it fits with what our clients want and what SIPP administrators need.”

BondMason charges no additional fees for the SIPP service.

The company also claims to be the only P2P operator to provide a free, personalised dashboard for SIPP administrators to monitor their clients’ activities.

Stephen added: “For this SIPP offering, we’ve worked with pension administrators to create a product which benefits from our due diligence process and the selection of only the best loans from the best P2P platforms.

“We are meeting a demand in the marketplace which we expect to see grow and develop more over the coming months and years.”

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