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Product matters

The Sun has hardly shone so far this year.

With the backdrop of a fall in its relative market position, the same could be said of Sun Life. But, with forecas-ters predicting a glor-ious summer and with a new Sipp prop-osition that appears to offer everything, the future could be brighter for both.

Sun Life&#39s Sipp, launched in March, provides for full and hybrid investment and can be used for phased retirement and draw-down. The charges are reasonably competitive and a discount is in place where trustee investments of £30,000 are made into Sun Life funds. The discount is fixed until investment in its funds hits £200,000, at which point the normal establishment and annual fees are waived. Note that these thresholds must be maintained to maintain the Sipp fee discounts.

Of course, price is not everything. Indeed, particularly for those clients who are active investors and/or inv-esting in property, admin efficiency could be more important. Here, though, we are not assessing Sun Life (or indeed Axa, the global giant behind Sun Life) but instead PPML, the third party being used to administer the Sipp.

Sun Life&#39s comm-endations aside, and with no disrespect to PPML, I am not conv-inced this alliance is strategically right. Sun Life has a proud history in the provision of self-investment and I would have preferred to see it launch its own admin to support its drive for increasing Sipp sales.

I have perhaps been spoiled with innovative new annuity products, so I am a little disapp-ointed on reviewing the new Sun Life Sipp prop-osition to find it sound but uninspiring. The jury&#39s out on a long, hot summer.



I don&#39t know about elsewhere in the country but the rush to sign up for stakeholder has yet to grip North London. Perhaps the October deadline is the date to focus on, given that many businesses I have spoken to recently have little idea of their obligations.The talking sheepdogs seem to have been left by […]

Sarasin – Sarasin Equisar Ex-UK Global Thematic Fund

Friday, 25 May 2001.Type: Oeic.Aim: Growth by investing in blue chip equities globally excluding the UK.Minimum investment: Lump sum £250 monthly £100, Isa lump sum £1,000 monthly £250.Investment split: 100 per cent investing in blue chip equities globally excluding the UK.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 3 […]

Agency joins Allied Dunbar

Northern England based estate agents Reeds Rains is joining the Allied Dunbar franchise network. Reeds Rains has 137 branches and more than 70 advisers, is the largest agency to join the network, which is about to be renamed the Zurich Advice Network. It currently has 4,700 advisers.

IFA firm chief joins Torquil Clark

Former proprietor of the fee-based IFA Gee & Company Philippa Gee has joined Torquil Clark as relationship manager. Her responsibilities will include commenting to the press on investment and other financial issues.


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