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ISA Administration

Individual Savings Account (ISA) schemes provide useful tax wrappers for investors. However, the manual processing and reporting requirements associated with these schemes often place significant administrative burden on Plan Managers. By automating the trading, clearing, and settlement process, Pershing Nexus eliminates the need for antiquated paper-based processing, significantly reducing processing errors and the risk of failed trades. Pershing's ISA Administration Services can radically simplify your ISA processing, relieving the pressure on your middle and back offices and allowing you to focus on delivering value-added services to your clients.

  • Our ISA Administration Services cover all stocks and shares ISA investment accounts.
  • The Pershing Nexus® platform handles all actions across the lifecycle of ISA accounts. The system provides a high level of core processing automation, from account opening, transfers in and initial subscriptions, ongoing trading, renewal subscriptions and reporting, through to closure and transfer out.
  • All regulatory limits are covered and you can also set your own parameters. Because our system interfaces seamlessly with order management systems, ineligible securities are automatically eliminated—preventing purchases made in error.
  • Automatically calculate management fees, accrued interest on cash holdings, and any commissions to brokers and other third parties. HMRC reporting is also greatly simplified.
  • Pershing provides two levels of service: standard and full third party. With the standard service your own middle office performs core processing and Pershing facilitates regulatory reporting. Alternatively, we can provide a full outsourcing solution to service your entire ISA administration requirements, including subscriptions, transfers, and other functions.
  • ISAs are some of the UK's most tightly regulated investments. With Pershing supporting your administration requirements, you can rest assured that you remain compliant with HMRC regulations and requirements. Pershing receives regular briefings from HMRC and also sits on the Advisory Council of the Tax Incentivised Savings Association (TISA).