CompaniesOct 9 2012

Hornbuckle cuts Sipp set-up fees by 30 per cent until 2013

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Pension provider Hornbuckle Mitchell is giving clients 30 per cent off all new self-invested personal pension set-up fees between now and the end of the year.

The deal comes in celebration of the company’s 30th anniversary and will apply to all new Sipps from 1 October to 31 December, covering the Single Investment Sipp, Full Sipp and Flexible Income Pension Plan. As a result fees will fall from £295 to £206.

Hornbuckle Mitchell administers pensions for more than 15,000 customers and has assets under management of over £4bn.

After implementing a new administration system earlier this year offering a new online service proposition, the company is set to launch its online “eSipp” in 2013.

Claiming to be one of the only companies left to offer both Sipp and Ssas, Hornbuckle Mitchell earlier this year predicted a surge in Ssas following the end of contracting out from 6 April.