Liberty Sipp has launched a low-cost product as it looks to compete in the online Sipp market.
The Liberty Icon Sipp, launched in partnership with investment manager and stockbroker James Brearley & Sons, allows advisers to access more than 2,000 collective investment schemes.
Advisers can also use the product for dealing in shares, gilts, corporate bonds and structured products.
The Icon Sipp has no initial charge and an annual fee of £95.
Liberty Sipp sales and marketing manager Matthew Rankine says: “The Liberty Icon Sipp is extremely low cost and offers the convenience of electronic trading with the added benefit that clients can pick up the phone and instantly access one-to-one customer service.”