Barnett Waddingham has launched a flexible Sipp product in response to demand from advisers.
The product provides access to a range of discretionary fund managers, with the option of access to wider bespoke investment choices.
Fees include a set-up fee of between £100 and £400, and an annual charge of £250.
Drawdown options incur additional fees, including a £200 set-up fee, a £160 pension review fee and a £250 flexible drawdown fee.
Off-panel investments are subject to an administration fee of £300.
Barnett Waddingham Sipp chief executive Julia Bassett says: “Clients’ investment needs and circumstances can change over time, and advisers may find that their chosen Sipp no longer accommodates clients’ needs.
“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.”