Manual processes continue to weigh down the UK’s self-invested personal pension (SIPP) market, where outdated systems and slow transfers make scaling operations a major challenge.
With over ÂŁ567bn in assets under administration, providers are under increasing pressure to modernise their operations. Yet the path to digitisation is often seen as too expensive and resource-heavy, leaving many firms stuck with manual workflows that hamper growth and customer satisfaction.
WealthOS recently outlined its SIPP tech and how it can help.
The regulatory burden has grown heavier too. Providers must carry out comprehensive due diligence checks on investments and intermediaries, while new rules such as the FCA’s Consumer Duty have added more layers of compliance. This has made it harder for pension providers to demonstrate that they are acting in customers’ best interests, stretching already limited resources even further.
For customers, the result is a frustrating experience. Pension transfers take far longer than they should, while real-time processing remains elusive. In an age of instant banking and digital payments, pension customers expect similar speed and convenience—something traditional systems are struggling to provide.
WealthOS has entered the market to change that narrative. Its cloud-native SIPP administration and drawdown platform aims to automate the entire pension lifecycle, from accumulation to crystallisation and drawdown. By replacing legacy systems with a unified, cloud-based platform, WealthOS enables providers to deliver seamless, automated, and data-driven operations.
At the heart of WealthOS’s technology is end-to-end automation, eliminating the need for large administrative teams to manage manual tasks using spreadsheets. The modular architecture allows providers to build bespoke systems tailored to their needs, deploying specific features as required without being locked into rigid solutions.
Integration is another key strength. Through rich API connectivity, WealthOS bridges the gaps between existing systems, creating a unified flow of data that supports a fully digital customer experience. The platform’s built-in HMRC integration also simplifies compliance by automating tax code retrieval and regulatory reporting, ensuring providers stay aligned with FCA and HMRC rules.
WealthOS further reduces operational complexity with embedded pension payroll capabilities, removing the need for external payroll providers. Its real-time processing replaces slow batch operations with instant, on-demand transactions and notifications—transforming pension management from sluggish and outdated to modern and efficient.
Ultimately, the company’s purpose-built platform is designed to tackle the industry’s most persistent challenges, helping SIPP providers cut time-to-market, reduce costs, and improve customer satisfaction. WealthOS presents itself as the technology partner capable of leading the pension industry into a faster, smarter, and more compliant future.
For more, read the full story here.
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