Conexim does not act as a Pensioneer Trustee itself, and believes fundamentally that an Independent Trustee which is separated from the Investment Advisor is an important part of any self administered pension structure.
The Conexim service to Trustees gives the Trustee the ability to access real time and periodic reports for all of the main pension products, and gives the Trustee the ability to service a client with a self-administered option for the following pension and post-retirement account types:
- Small Self Administered Schemes (‘SSAS’)
- Self-Administered Personal Retirement Bond (‘Buy Out Bond’)
- Approved Retirement Funds (‘ARFs’)
- Self-Administered PRSAs
All on-platform assets are held with Pershing Securities International Limited (a Bank of New York Mellon company) who are regulated by the Central Bank of Ireland. Pershing’s global custody operations service approximately 7 million active investor accounts and as of March 31st 2023 held over $2 trillion in global client assets, with Pershing’s global operations having net capital of over $2 billion. The parent company, Bank of New York Mellon, has $46.6 trillion in Assets under custody/ administration.