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Selestia takes Sipp service on the road

Fund supermarket Selestia says four more funds are joining its platform, bringing the total to 384 from 47 providers.

The funds are Aegon&#39s European bond fund, First State&#39s corporate bond and cash funds and Morley&#39s higher-income property trust.

Selestia is also going on the road to promote its expansion into the Sipp market with its IFA partner Hornbuckle Mitchell. The roadshows begin in London on May 19 and will focus on the future of the Sipp market and the building of pension portfolios using asset allocation and fund selection.

They continue at Leeds, Manchester, Nottingham, Birmingham, Cardiff, Bristol, Hemel Hampstead before ending in Guildford on May 30.

Selestia marketing director Bill Vasilieff says: “We are delighted to have these new funds on board. We believe the continual monitoring of IFA demands when it comes to fund choice leads to a selection that is comprehensive and price-competitive. The use of the investment tools and choice of such diversified funds enable the IFA to provide a value-added service to clients, which is becoming even more pertinent in times of such a harsh economic climate.”

Hornbuckle managing director Mark Stubbs says: “One of the principal reasons behind our expansion in this area is the increasing disillusionment with the administration service levels offered by some of the main providers.”

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