Barnett Waddingham has launched its new ‘Flexible SIPP’ which offers access to a range of discretionary fund managers (DFMs) or a bespoke offering.
According to the company, Flexible SIPP merges into a single product the benefits of a "Lite" SIPP, and can also be used as a full bespoke Sipp, with access to commercial property and other bespoke investment options.
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The Sipp standard fee includes a £100 start-up fee and £250 annual fee. Additional fees apply for drawdown and bespoke Sipp options.
Clients will have a single named point of contact, to ensure continuity of service for advisers, and offers maximum flexibility in planning for and drawing benefits in retirement.
Julia Bassett, CEO of BW SIPP, said: "Flexible SIPP gives access to the best of both worlds – where clients can enjoy the benefits of a quality, cost-effective SIPP, with access to a range of popular DFMs, but also with the additional option to use their SIPP to access bespoke investment options should they wish to do so."
"We also realise how important it is to make management of a SIPP as pain-free as possible. We have developed our new SIPPs Online facility for Flexible SIPP to make advisers’ lives easier when it comes to producing illustrations and making applications. However, we understand that it is also important that advisers have access to a personal service as well. That is why we assign a dedicated client manager to every adviser, which ensures quality and continuity of service."
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