Third Party Products available on Hubwise Platform

Third Party Products - PLEASE ASK CUSTOMER SERVICES FOR THE RELEVANT GUIDE AND TRAINING- DO NOT PROGRESS WITHOUT CHECKING CURRENT PROCESS.

We are pleased to announce that the following third-party products are now supported:

Canada Life Offshore Bond (Isle of Man and Dublin) (Product ID COB)- guide available- attached here

Utmost Int IoM Ltd Offshore Bond (Isle of Man & Dublin ) Product ID UOB)- guide available- attached here

Cavendish Offshore Annuity Pension - (Product ID COA)

L&C Offshore Annuity Pension -  (Product ID LOA)

AJ Bell SIPP (Product ID AJB)

Alltrust SIPP (Product ID ALT)

Curtis Banks (Product ID CSP for SIPPs & CSA for SSAS)

DA Phillips SIPP (Product ID DAP)

Day Cooper Day (SSAS only Product ID DSS) 

Dentons SIPP (Product ID DPM) (SSAS work in progress) 

Hornbuckle SIPP (Product ID HNB)

IPM SIPP (Product ID IPM)

InvestAcc SIPP (Product ID IAS) (SSAS also available- Product ID ISS)

James Hay SIPP (Product ID JSP)

LV SIPP (Product ID LVS)

MW Pensions (Sovereign) SIPP (Product ID MWS)

Rowanmoor  (Product ID RWN for SIPPs & RWS for SSAS)

Talbot & Muir SIPP (Product ID TMS)

The Pensioneer Trustee Co Ltd (Retirement Annuity Trust) Work in progress

NB: SSAS products may also available with some of these SIPP providers 

NB: Whilst a Junior SIPP may be available with these providers, we do not currently support this product.

The Onshore Bond (SOB) - see separate KB Article for this product.

For a few of the above companies, an agreement will be required between the applicable 3rd party company and the IFA Firm/White-labelled platform.  For this reason if you are considering utilising any of the above please contact the relevant company first.  It is understood that permission would not normally be withheld.   

You should liaise with your account manager at the 3rd party provider.  These often vary depending on geographical location of your firm.  

You should also be aware that most 3rd party provider agreements that we put in place, will include the requirement  for you to obtain agreement from that party before any funds are withdrawn from the product. This includes full transfers out of the product (including internal re-registrations into an alternative provider's product).

On-Boarding

These products are not available as standard, and must be requested via Freshdesk as required.  Permissions will then be granted to allow your firm to have access, and you can then enable relevant Employees (users) to see the product(s) as appropriate.  

We recommend you only request access to a product when a live case is pending.  Permissions will take 48 hours to put in place.

The portal application process for these products should be undertaken AFTER the product has been opened with the third-party provider as their ‘member number’ will be required.  The use of “member number” is important to cross refer between the investor account number and that held by the 3rd party. 

The portal application process differs significantly from our standard ISA, GIA and SS&C Hubwise SIPP products.  Training will, therefore, be required.  Please arrange a telephone meeting with our Client Services team who will step through the rationale and procedures which need to be followed.

The following areas do differ from our standard products:

1. Illustrations - this necessitates the use of the illustration obtained from the 3rd party.  This is due to fees being deducted at source and not through the Hubwise platform;  
2. Regular payments (Direct Debits) - These are handled by the 3rd Party. See procedure document for more details as you will need to input the Regular payment on the portal so we have the expectation in the system.
3. Adviser Fees - this differs between the 3rd party providers- some deduct at source, and some allow or fees to be deducted through entry in the Hubwise platform.  See procedure guide
4. Payment of the 3rd party fees is often handled by the 3rd party provider, and is sometimes instructed in the Portal, by the IFA firm- see procedure guide
5. Bank details - are those of the 3rd party provider- NOT the individual investor
6. Account naming conventions - see individual details
7. Transfers are initiated by the 3rd party provider.  See procedure guide
8. External references - 3rd party product member number should be captured- see procedure guide
9. MIS is NOT supported - but many of these providers allow more than one wrapper- so multiple investment can be achieved in that way.
10. In the event that a client is no longer advised and remains on the platform in this way, we can take the instruction to withdraw from the relevant third party product provider. 

We look forward to hearing from you when you would like to work with one of these new products.

If you have any questions meanwhile, please raise these in the usual way, via Freshdesk.