News - Press Release

November 2009

Dunstan Thomas provides Montpelier with Imago Illustrations Bureau to ensure fully compliant SIPP disclosure following FSA’s Thematic Review

Dunstan Thomas provides Montpelier with Imago Illustrations Bureau to ensure fully compliant SIPP disclosure following FSA’s Thematic Review

Dunstan Thomas today has supplied and integrated its Imago Front Office Illustrations solution to support Montpelier Pension Administration Services’ Self-Invested Personal Pension (SIPP) which is gaining in popularity since its re-launch in April 2009. Dunstan Thomas Imago Illustrations will be managed and supported remotely by Dunstan Thomas’ Imago Bureau Software as a Service (SaaS).

The Dunstan Thomas Imago Bureau service enables adviser firms to access highly sophisticated pensions administration tools in a cost effective way, paying for the service on a Pay-As-You-Go basis, calculated by usage volumes or on a low monthly fee basis.

It means that customers of Montpelier’s SIPP will have illustrations provided seamlessly by Dunstan Thomas Imago Illustrations software through a web browser so that Montpelier’s IFAscan provide online illustrations from wherever they are, via the internet.

Natanje Holt, managing director, Dunstan Thomas, explained:
“Montpelier’s purchase of our Imago Bureau service stems from the firm’s desire to gain speed to market for their retirement products; whilst ensuring both accuracy and efficiency for their illustration processing in order to give their customers full disclosure of all commissions and fees being apportioned to set up, manage and make fund selection adjustments to Montpelier SIPPs, in line with the FSA’s recent Thematic Review of SIPP operators.”

Kevin Wells, managing director, Montpelier, said:
“We want to ensure that the SIPPs we offer are properly supported in terms of fully compliant disclosure of commissions and fees. We also need to ensure that we have a future-proof platform capable of delivering projections based on specific underlying assets within a SIPP. We know Imago will be able to deliver both of these requirements.

“Dunstan Thomas’ Imago Bureau service definitely adds a good deal of value both in terms of enabling full disclosure in line with new FSA requirements and releasing us to focus on our core work of advising our growing customer-base.”