Equiniti has launched a £99 (plus VAT) Sipp in response to feedback calling for greater simplicity, operational efficiency and reliability to customers’ investing experience.
Mark Taylor, managing director of Equiniti’s investment services division, said: “Customers deserve to be able to manage their retirement funds without being hit with charges that they don’t understand – particularly at a time of significant change to the pension landscape.”
Key features
The Sipp is aimed at those taking advantage of the pension flexibilities
Launched in conjunction with provider Gaudi Regulated Services
No hidden fees or complex charges
It has also launched a iOS trading phone app to help customers stay on top of their portfolios when on the move.
Adviser View
Daren O’Brien, financial adviser at London-based Aurora Financial Solutions, said: “You are only paying for the wrapper so you still need to pay for the investments, unless they are leaving it in a cash bank account, which is unlikely.
“So the Sipp element is cheap but there are the costs of the investments. However, it could mean people get a decent price for Sipps as it will create competition, which is a good thing for the market.”
