Pointon collaboration unlocks Caerus Sipps

Ronan Kearney, investment director for Caerus Capital Group, said the wrappers include the Caerus e-Sipp, which is a low-cost offering that gives access to the Caerus fund range, for which there is no establishment charge and no fee for cash transfers.

Mr Kearney said with the provision of Pointon York’s online capabilities, the Sipp could be low-cost Sipp and more efficient.

He said the Sipp is designed to remove the administrative burden from advisers in the Sipp transfer market, while offering a range of competitively priced risk-rated funds.

He added: “Teaming up with Pointon York to offer this Sipp underlines Caerus’ commitment to creating innovative, high-value investment propositions for retail investors. Pointon York’s excellent technology and service made partnering with it a natural choice.”

Jo French, managing director of Pointon York, said: “We want to help the adviser community thrive and this alliance with Caerus Capital Group is further evidence of this commitment.”

Kusal Ariyawansa, IFA for Manchester-based Appleton Gerrard Private Wealth Management, said: “Low-cost passive funds have become a flavour of the month recently. In most circumstances these cannot be held within low-cost pension plans, meaning the investor could opt for a Sipp.

“While this is good news for the consumer, assuming they receive ongoing advice, it’s not surprising to see these being marketed in this manner.”