Fidelity FundsNetwork is urging advisers to review existing pension plans to see if they could find their client a cheaper option.
A poll by FundsNetwork found that 86 per cent of advisers thought cost was the most important factor to consider when choosing a self-invested personal pension.
Nearly half of Sipp investors – 46 per cent – felt that charges are set too high.
FundsNetwork is waiving core plan fees for IFAs who make platform mutual fund investments on behalf of their clients of £150,000 or more into the Sipp before May 2 2008.
FundsNetwork head of sales and marketing Rob Fisher says: “Our current special offer brings to the advised market a Sipp which is free from any pension charges for clients in the pre-retirement phases – a potential cost saving to the client of nearly £13,000. Investors don’t have to pay over the odds for an Isa so why should a Sipp be any different?”