PensionsJul 2 2015

Talbot and Muir doubles DFM options on Sipp

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Talbot and Muir doubles DFM options on Sipp

Talbot and Muir has partnered with seven investment managers to double the number of firms able to provide access to their discretionary fund management services for clients of its Simple Retirement Account.

The new DFMs are Cazenove, Charles Stanley, European Wealth Management, Henderson Rowe, JM Finn, Smith and Williamson and Vestra.

They join Brewin Dolphin, Brooks Macdonald, Canaccord Genuity, Close Brothers, Investec, Quilter Cheviot and Rathbones, which were already on the panel.

Claire Trott, head of pensions technical at the self invested personal pension and small self administered scheme specialist, said: “Many advisers now work closely with their chosen DFM partner to provide the high service levels clients now demand and our SRA product is an ideal vehicle for pension fund monies to be invested in this manner.

“We initially started with five DFMs available to SRA clients but the demand to include others has been high and so we have now increased the number to 14 and will continue to look for additional, appropriate DFM partners.”

The Talbot and Muir SRA was launched in November 2013 as a low cost DFM-only Sipp that now offers access to any of 14 DFM partners and a default bank account with Metro Bank. It is accessed via one application form, no set-up fees and an annual administration fee of just £250 plus VAT.

Carl Lamb, managing director at Almary Green, said: “Being able to use my preferred DFMs within a lower cost product without the loss of personal service makes a big difference to us and our clients.”

peter.walker@ft.com