Global wealth tech provider GBST and Barnett Waddingham renew SIPP admin contract

GBST, a leading global provider of wealth management and advice solutions technology for the financial services industry, will continue to power Barnett Waddingham’s Self Invested Personal Pension (SIPP) administration via its Composer platform following the renewal of their agreement.

GBST has provided SIPP technology to Barnett Waddingham through its Composer platform since 2013. Under the continued partnership, Barnett Waddingham will benefit from GBST’s extensive at-retirement capability supporting both platform and fully bespoke complex SIPPs. In addition, Barnett Waddingham is leveraging GBST’s multi-million-pound investment in its re-architected cloud native Composer platform, extensive API catalogue and data services to underpin its own digital transformation and growth plans.

David Simpson, head of EMEA, GBST, said: “We are delighted to extend our partnership with Barnett Waddingham and support its continued expansion. The industry is shifting towards flexible, scalable, and interoperable cloud-native solutions, and Composer’s responsive, resilient, and secure technology provides the perfect solution.

"At the same time, our market-leading retirement income functionality, modular components, and robust API capabilities offer the flexibility to develop bespoke propositions and adapt to evolving business needs.”

Simon Foster, CEO, Barnett Waddingham SIPP, said: “GBST’s Composer has been instrumental to the success of our business. Without this stable platform at the core of our systems set, we would not be in a position to support our thousands of customers with the quality of service that Barnett Waddingham strives for.

"The upgrade of GBST’s Composer to a modern, cloud-native platform is in turn an enabler for the transformation of our own digital services and customer experience, as we look to maximise straight-through processing while continuing to differentiate ourselves from our competitors.”