Myddleton Croft Investment waives first year annual fee

Myddleton Croft Investment has announced it will waive the first year’s annual fee for IFA self-invested personal pension clients

The offer, which will be eligible for those clients who change their investment strategy using Myddleton Croft’s management service and Liberty Sipp, equates to a £150 saving for SIPP clients, and is available from 6 April until 5 October for a minimum investment of £60,000.

Julie Jones, director for the Leeds-based discretionary portfolio manager, said: “We think this incentive to clients will benefit all parties and help develop our growing relationship with Liberty.

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“This is another example of how we aim to provide advisers and their clients with the best possible service”.

Adviser view

Robin Keyte, director of Keyte Ltd, Chartered Financial Planners, based in Somerset, said: “I do not think this offer is a good incentive to use their service although it may initially sound like a good deal. £150 is a tiny amount in comparison to the ongoing cost over five and 10 years. I would be more inclined to investigate the ongoing charges.”