View more on these topics

Talbot & Muir revamps Sipp offering

Piggy-Bank-Savings-UK-700x450.jpg

Bespoke provider Talbot & Muir has launched a new Sipp to replace its two existing products.

The Elite Retirement Account and Simple Retirement Account will close to new business in September and be replaced with a single, more flexible Sipp.

The firm says the new product will give advisers peace of mind as they will not have to transfer clients when their needs changes. The rull range of retirement options and death benefits are also available.

In addition, administration fees are tiered depending on the complexity of investments.

Clients with a single investment or portfolio pay £195 plus VAT a year, those with multiple investments £345 plus VAT a year. While clients who want to invest in property will pay £770 plus VAT a year.

Existing transaction fees and charges for taking pension income are paid in addition.

Applications are made online and there are no set-up fees.

Head of pensions technical Claire Trott says: “Clients only pay for what they use, avoiding any cross-subsidy and making the fees clear and easy to understand. This offers complete flexibility with a wide choice of investments available.”

Almary Green managing director Carl Lamb says: “The modular nature of this product means it is exceptional value and is an innovative move for this provider.”

Recommended

Warning-Sign-Yield-Slow-Stop-Danger-700x450.jpg
5

Execution-only Sipp firm goes bust

European Pensions Management has entered into administration with a sale of the company’s book of business to another Sipp provider being considered. The execution-only firm applied to the court to start insolvency proceedings under the special administration regime on 21 June. It has approximately 6,000 customers. The joint special administrators are Adam Stephens, Finbarr O’Connell, Henry […]

UK-Parliament-Big-Ben-Lamp-700x450.jpg

Govt urged to avoid repeat of Sipp failures on master trusts

The Government is being urged to make good on its promise of “strict criteria” for master trusts, including protection for savers if providers fail. Following last month’s Queen’s Speech, the Government unveiled a Pensions Bill that will add new  restrictions to the schemes, which provide pensions for around four million people. The accompanying document reveals […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment