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Sippcentre announces regular investment links with Cofunds
Sippcentre, A J Bell’s Sipp offering, has launched a regular investment link with the Cofunds investment platform.
It said the enhancement allows clients to set up a process from the outset to pass regular investment amounts directly from the Sippcentre cash account into the underlying funds on the Cofunds platform.
The facility can be used for investment of regular premiums or to drip feed lump sum investments into the selected funds over a given period.
All completed Sipp and Cofunds documentation is submitted to the Sippcentre while investments will be collected under a direct debit mandate (DDM) into the Sippcentre cash account.
Investments are then passed under DDM to Cofunds for investment in the funds selected by the client.
Billy Mackay, marketing director at Sippcentre, said: "There has been significant demand for a simplified process that allows you to adopt a strategy, pick funds and direct your regular investment from outset.
"This facility allows you to achieve this with minimum fuss."
Andy Fail, head of products at Cofunds, said: "The addition of regular contributions to the Sippcentre Cofunds facility now gives intermediaries further choice and flexibility to offer their clients."
