Options

Pension Administration Servicesoptionspensions.co.uk

Company typePrivate
Founded2005
HeadquartersMilton Keynes, United Kingdom
Headcount11–50
GTM typeB2B
OfferingServices

What Options does

Options Pensions is an independent UK pension administration and professional trustee company headquartered in Milton Keynes, operating through two regulated entities: Options UK Personal Pensions LLP (FCA-authorised, FRN 501747) and Options Corporate Pensions UK Ltd (regulated by The Pensions Regulator). Founded in 2005 and previously known as Carey Pensions, the firm specialises in Self-Invested Personal Pensions (SIPPs) and is positioned as a solutions provider rather than a product reseller, with particular expertise in administering commercial property within pension wrappers. Its current open product range comprises three SIPP variants — Your Simple SIPP, Your Premier SIPP and Your SIPP in partnership with IG — supplemented by a Property Services add-on that supports borrowing up to 50% of pension fund value across offices, shops, warehouses, factories, land, forestry and syndicates. The group also retains Pathlines Pensions UK Limited as a wholly-owned subsidiary hosting legacy and international SIPP books, and a Workplace Pension Master Trust that is being wound down in 2025 with members transferred to Smart Pension.

The business operates on a subscription/recurring revenue model with annual fee schedules per SIPP product, monetising membership administration rather than asset-based or transaction-based fees. Go-to-market is sales-led and distributed primarily through professional financial advisers who recommend Options SIPPs to their clients, with secondary direct (self-serve) access for already-enrolled members via the SIPP-Web online portal. Customer segments are financial advisers (primary business unit channel) and individual SIPP clients (primary persona), with the employer/workplace segment now exiting via the Smart Pension transfer. Marketing is weighted toward adviser partnerships and referrals, supported by content on the corporate website and partner microsites for direct auto-enrolment and professional introducers. The company is a wholly-owned subsidiary of STM Group PLC, which provides shared services across account administration, legal, sales and marketing.

Options firmographics

Firmographics

Name: Options
Legal name: Options UK Personal Pensions LLP and Options Corporate Pensions UK Ltd
Website: https://optionspensions.co.uk
Company type: Private
Founded year: 2005
Operating status: Operating
Headcount range: 11–50 employees
Ownership category
akta.pro rank

Options industry classification

Industry

Product category: Pension Administration Services
NAICS: Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Pension Funds (525110)
SIC: Investment Advice (6282)
akta.pro primary industry: Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
akta.pro secondary industry: Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

SIPP administration
Self-invested pensions
Pension trustee services
Pension property investment
UK pension administration

Where Options is headquartered

Location

Headquarters

HQ city: Milton Keynes
HQ country: United Kingdom
HQ region: Europe

Offices1 record

Markets served

Options business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Compliance or Regulatory, Technology or R&D, Marketing or Sales

Revenue model

SIPP Administration Fees: Annual and transaction-based fees for administering Self-Invested Personal Pensions, including Your Simple SIPP, Your Premier SIPP, and Your Global SIPP products
Workplace Pension Administration: Administration services for workplace pension schemes (being wound down, transferred to Smart Pension)
Property Services: Administration of property investments within pension schemes

Pricing tiers

Model	Billing	Price
Subscription	Annual	Your Simple SIPP - fee schedule available
Subscription	Annual	Your Premier SIPP - fee schedule available
Subscription	Annual	Your Global SIPP - fee schedule available

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Options product offering

Product offering

Core offering

Options is an independent pension administration and trustee company providing specialist Self-Invested Personal Pension (SIPP) products and services to the UK market. Its core offering includes administration of SIPP schemes (Simple, Premier, Global, and an IG-partnered variant), pension property investment administration, and related trustee services, delivered primarily through professional financial advisers and supported by an online member portal.

Product overview

Options is an independent pension administration and trustee company providing a comprehensive portfolio of Self-Invested Personal Pension (SIPP) products to the UK market. The current open product range includes three SIPP variants: Your Simple SIPP (straightforward pension administration), Your Premier SIPP (comprehensive product with property investment capabilities), and Your SIPP in partnership with IG (leveraging IG's investment platform). The company also maintains numerous legacy products closed to new members including Smart SIPP, Smart Plus SIPP, Sentinel SIPP, Group SIPP, various Cardiff Legacy Premier products, Your Global SIPP, Prosper, International Pension Plan, Open Pension, and Simple Investment SIPP. Additionally, Options offers Property Services enabling commercial property investment within pensions, and previously operated a Workplace Pension Master Trust now being wound down with members transferred to Smart Pension.

Differentiator

Problem solved

Functional benefit

Brands

Your Simple SIPP: A SIPP product offering for straightforward pension investments
Your Premier SIPP
Your Global SIPP
Options Workplace Pension Trust

Products and services

Your Simple SIPP A Self-Invested Personal Pension product offering straightforward pension administration with permitted investments, aimed at direct and advised clients seeking a simple pension solution.
Your Premier SIPP A comprehensive Self-Invested Personal Pension with broader investment capabilities including property investments, providing full-service administration for clients requiring more complex pension arrangements.
Your SIPP in partnership with IG A specialized SIPP product developed in partnership with IG, providing clients with access to IG's investment platform capabilities within a pension wrapper.
Your Global SIPP International SIPP offering for non-UK residents in countries with a double taxation agreement (DTA) with the UK.
Property Services Specialist pension property administration service enabling SIPP members to invest in UK commercial property including offices, shops, warehouses, factories, land, forestry, and syndicates, with borrowing capabilities up to 50% of pension fund value.
Group SIPP A group Self-Invested Personal Pension arrangement allowing multiple members under one scheme, for collective or employer-sponsored SIPP use.
Options Workplace Pension Master Trust

Companies that use Options

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Options technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Options partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered parent_company and major.

STM Group PLCparent_companyOthersParent company of Options UK Personal Pensions LLP and Options Corporate Pensions UK Ltd. Part of STM Group which shares specialist resource areas including general account administration, legal, sales, and marketing.
Smart PensionmajorStrategic or Co-development PartnerOptions Workplace Pension Trust members and employers transferred to Smart Pension Master Trust following an extensive review. All employers and members have been transferred.

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Options competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key highlights5 records

Customer concentration

Options compliance and trust

Trust signal

Compliance2 records

Options financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Options leadership team

Management profile

Number of profiles

Profiles3 records

Options subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Options funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Options M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Options

What does Options do?

Is Options a public or private company?

Options is a private company. It is classified as corporate owned and is currently operating.

When was Options founded?

Options was founded in 2005. It employs 11 to 50 people.

Where is Options based?

Options is headquartered in Milton Keynes, United Kingdom, in the Europe region.

How does Options make money?

Three revenue lines are on record. SIPP Administration Fees are the primary driver. The others are workplace Pension Administration and property Services.

Does Options have an API?

No public API is recorded for Options.

What industry is Options in?

Options's product category is Pension Administration Services. Its primary akta.pro industry code is FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds, with a secondary code of FSAAAAAJ, Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail). Its NAICS code is 524292 and its SIC code is 6282.