Self Investment Pension Plans (SIPP)

Creative Business Systems has tailored the award winning Microsoft Dynamics NAV solution to meet the needs of organizations administering SIPPs on behalf of their clients. It fulfils all the requirements for your accounting system, reduces manual inputting of data and automatically produces high quality management information quickly and easily. In addition to the deep standard functionality of Dynamics NAV, SIPP DNA specifically helps with all areas of administering:


Self Invested Personal Pension (SIPP) Read more
Family Invested Pension (FIP)Read more




Self Invested Personal Pension

SIPP is an individual pension plan designed to provide benefits at retirement and on death.

The plan provides access to a range of insured funds via an individual investment policy set up on behalf of each scheme member. The administration of the funds can be conducted from within an easy user interface and holds all the policy details and history in detail.

The Self Invested Personal Pension solution was designed in collaboration with a large investment organization and fulfils the stringent requirements within the financial services sector, ensuring you can maintain compliance with regulations. The functional areas covered by our Self Invested Personal Pension system include the following (per client):

  • Automated Fees
  • Management Information
  • Income and Expenditure Statements
  • Automatic Bank Account Interface for Statements and Transactions
  • Fixed Asset Register
  • Debtors and Creditors
  • Policy Details
  • Historic Reporting across Financial Years



Family Invested Pension (FIP)

The Family Invested Pension is a stand-alone pension scheme set up to provide benefits for either one person or a specific close knit group of individuals at retirement and on death.

Typically, a scheme would be set up by an individual with a transfer payment from another registered pension scheme. Other members of the individual’s family could join the scheme as contributing members e.g. spouse, civil partner, other partner or children. Groups of other associated parties e.g. business partners could also set up a scheme. The SIPP DNA system allows for traceability of each transaction against each member of the scheme and provides the same functionality present within the SIPP area.



The Benefits

Our customers can expect a genuine Return on Investment within 5 months after going live with our SIPP solution. With this solution you can successfully meet the full financial services sector requirements with an easy to use system. In addition to financial returns, using our SIPP solution will enabled your team to administer more clients with greater ease and accuracy than ever before.


To find out if this solution could be of benefit to your organisation please feel free to Contact Us or we can call you back at your convenience.