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Charles Stanley sets Sipp threshold at 25,000

Stockbroker and wealth manager Charles Stanley has set up a low-cost, low-entry threshold Sipp to attract pension savers with modest funds.

The Alpha Sipp has a minimum initial investment of25,000 and aims to be straightforward and flexible in terms of the investment options available and ease with which it can be set up. Investors can draw an income without having to buy an annuity. Head of private client financial planning Robert Gofton-Salmond says: “It will be particularly attractive to people who have been disappointed with bigger insurance companies.”

Trinity Financial Planning partner Christopher Hind says: “The Alpha Sipp looks very competitive and could attract clients disillusioned with the way their managed funds have been performing. I would add a word of caution, though, as the cheapest products are not necessarily the best value for money.”


Score draw set to bring replays

Money Marketing editor John Lappin assesses the implications of the financial services and markets tribunal ruling on the Legal & General appeal against FSA action.

Harris on Mortgages

It is little wonder that there is so much confusion surrounding the future of the housing market when there are at least half a dozen indices all claiming to offer the definitive picture as to what happened to house prices the previous month.

Fidelity Investments ready to launch Sterling bond

Fidelity investments plan to launch their Sterling bond fund in April. The fund, which will be available from April subject to FSA approval, will be managed by Ian Spreadbury. It will sit alongside the Fidelity MoneyBuilder and Extra Income funds. Ian Spreadbury will invest principally in UK investment grade bonds, but he is also free […]


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