View more on these topics

Axa launches pooled Sipp

Axa has launched a pooled Sipp aimed at offering a tax efficient way for families or business partners to invest together.

Axa says its family suntrust self-invested personal pension comes in response to the growing demand for investment flexibility, and allows for potentially lower fund charges and the opportunity to minimise inheritance tax.

Members of each family suntrust can choose to invest through a variety of different vehicles including offshore and onshore bonds, stocks and shares, trustee investment plans and UK commercial property.

The scheme has been piloted by Smith & Williamson personal financial planning director Mike Fosberry.

He says: “Family Suntrust is a new approach to group pension planning and the appeal also lies in the potential to secure lower charges from fund managers who will deal with one single, joint sum rather than lots of smaller pots of money. This is just the sort of innovative pension product that IFAs are seeing demand for.”

Axa Winterthur Wealth Management managing director of sales and marketing, David Thompson says: “Times have changed and pension planning has to reflect that. With its reputation for self-invested pensions and income drawdown innovation, Axa Winterthur is in a strong position to construct a new Sipp proposition that helps groups of individuals plan for retirement with a common investment strategy in their own pooled Sipp.”


Recommended

Analysis: The City’s future

A group of British-based financial services leaders attempted today to “draw a line in the sand” under the industry’s recent woes, saying in a Treasury-commissioned report that the country would remain globally competitive in the field.At a press briefing to launch the report, UK international financial services: the future, Sir Winfried Bischoff, the former chairman […]

F&C Commercial Property Trust to continue

Shareholders in the 584m F&C Commercial Property Trust have voted against winding up the vehicle. In an extraordinary general meeting held last Friday 94.5% of investors (79.7% excluding F&C votes and Friends Provident, which owns half the company) voted for the continuation of the company. The vote was triggered because the trust had traded at […]

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com