The Gaudi SIPP has continued to grow and attract new clients despite lockdown and now has over 20,000 SIPPs under its administration. 

According to data from MoretoSIPPs, this moves Gaudi into the top twenty SIPP providers for the first time.

Gaudi also told Financial Planning Today that it will be launching a range of pension drawdown proposition and tools for the pensions industry and fintechs by the end of 2020.

During lockdown Gaudi has continued to attract new clients and business partners including the app Digital Moneybox, platform Seccl and fintech Penfold.

Patrick Vaughan, managing director of Gaudi said: “The achievement of this landmark is testament to our technological ability to administer pensions in a cost effective and timely way and adapt our operating model to match the needs of our business partner.  

“I am delighted that Gaudi has now exceeded the 20,000 SIPP mark – this is a result of our ability to design different propositions and adopt different technologies suitable for our business partners.

“Whilst the growth is in part from the traditional SIPP market, participants such as execution-only stockbrokers or wealth managers, much is also attributable to our newer relationships who are active in the fintech space.

John Moret, non-executive director of Gaudi and principal of MoretoSipps said:  “Over the last 1o years Gaudi has forged a distinctive position in the SIPP marketplace by allowing financial services companies to white label their “best of breed” technology to build some of the most innovative SIPPs and investment propositions in the market.”