Lawrence House Fund Managers is offering a Sipp with no set-up costs or charges for the first year in conjunction with pension specialist DA Phillips.The two firms will pay the 805 set-up and first-year costs of the premier trust Sipp for any client introduced by an IFA. Minimum investment is 150,000 to qualify for the deal. Admin and trusteeship will be overseen by DA Phillips while Lawrence House will offer discretionary portfolio management for clients with over 250,000 and multi-manager services to clients investing less than 250,000. The firm is aiming to build assets of 500m within the Sipp wrapper in the next five years. Lawrence House fund manager Alan Stokes says: “We cannot compete with the big fund management firms, but we are here for brokers who want something a little different. We want to make this a three-cornered scheme between us, the IFA and the client. We will purely and simply manage the fund while feeding constant information to the IF to report back to the client.