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Rowanmoor and Brooks Macdonald launch HNW Sipp

Rowanmoor Pensions and Brooks Macdonald Asset Management have launched a Sipp product targeting investors with Sipp assets worth more than £200,000.

Under the arrangement, Rowanmoor will provide the administrative framework for the product and guidance on legislative issues.

Funds in the Sipp will be invested with Brooks Macdonald into their bespoke portfolio service.

Rowanmoor Pensions managing director Ian Hammond says: “The Rowanmoor Pensions Brooks Macdonald BPS Sipp is designed to give maximum flexibility to the discerning self-employed, business partner or individual wanting a high degree of control over their pension arrangements.”

The initial and annual administration charges will be paid out of the Brooks Macdonald BPS annual management charge, with a maximum charge of 0.75 per cent plus VAT a year.

Brooks Macdonald joint managing director Andrew Shepherd says: “With the option to invest in commercial property and the competitive charges, this is an attractive proposition for high net worth clients”.

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  1. “Funds in the Sipp will be invested with Brooks Macdonald into their bespoke portfolio service.”

    So how can this be described as a SIPP then?

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