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Sipp firm waives fees on transfers

EBS Management, the pension arm of Charles Stanley, has waived fees on transfers to its self-invested personal pension before the onset of regulation in April.

The firm, which administers more than £800m across its portfolio of 2,000 Sipps and small self-administered schemes, is offering the terms to clients of IFAs and other pension intermediaries.

It is hoping to attract clients orphaned by providers leaving the market before regulation starts and says removing transfer fees will enable a smooth transition.

Director Kate Ragnauth says: “The regulatory changes could leave some Sipp markets high and dry as the new rules will oblige some providers to pull out of the market. EBS is committed to providing continuity of care for its clients.

“In the coming months, we will be strengthening our product proposition and building on our existing resources and expertise. We would be pleased to help Sipp holders and their intermediaries to plan for their secure financial future.”

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