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SG Hambros launches in-house Sipp

SG Hambros Bank is launching an in-house self-invested pension product.

It says the main benefits will be allowing clients to invest in a wider range of investments, including private equity funds and strucured products, areas in which it says the bank already has expertise.

SG Hambros says the choice of mandates includes a full discretionary service or advisory portfolios where the client takes the final decision on each investment.

It will allow clients access to both UK and offshore investments.

Head of financial planning Christine Ross and pension manager Eric Giachardi will oversee the new product.

They say: “The Sipp itself is a pension wrapper that holds investments until retirement and start to draw a pension income.”

The pair quote the FSA in saying it increases the freedom they have in choosing and maanging their own investments.

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