View more on these topics

Charles Schwab launches Sipp

Charles Schwab is moving into the UK pension market with the launch of a self-invested personal pension.

The Sipp has a minimum initial investment of £5,000 and subsequent investments of £100. The set-up fee is £135 and the quarterly administration fee is 0.125 per cent of fund value for the first £100,000 and no charge thereafter.

Charles Swab Europe director of new product development Will Kinsman says: “In the past Sipps have been seen as highly complex and yet in reality they offer a very effective method of saving for retirement by placing a tax efficient wrapper around a basket of investments chosen by the investor.”

Recommended

Lloyds TSB launches new wealth management brand

Lloyds TSB is launching a new wealth management brand aimed at high net worth clients. The brand is called Create and will offer independent investment management and online financial investing. Clients will also have access to the Goldman Sachs PrimeAccess brokerage service. Lloyds TSB expects to have attract around 250,000 clients by the end of […]

&#39More red tape will push IFAs out of loan market&#39

Aifa warns that IFAs may be pushed out of the mortgage market if regulations forcing lenders to police intermediaries result in more red tape. In its response to the FSA&#39s mortgage regulation document, Aifa says any increase in the regulatory pressure on IFAs could turn out to be the straw that broke the camel&#39s back. […]

Chase Fleming gets dynamic about Europe

Jordan says: “This product has higher than average risk, the charges are also higher than average and also this fund has no track record.”Flowers says: “The main disadvantage to this fund is cost. It is an expensive investment with a full bid/offer spread and an exit charge, plus a switch charge. If you invested for […]

Old Mutual spreads its bets on smaller companies

Bruce agrees. He says: “It is managed by an investment team led by Ashton Bradbury. Ashton has more than 10 years experience in the small caps area of the market. There is also the flexible approach to fund management and the fact that it has achieved a Standard & Poor’s AA fund rating.”Chitroda says: “The […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment