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Xafinity – SimplySIPP

Xafinity – SimplySIPP

Type: Full self-invested personal pension

Minimum investment: No minimum

Minimum – maximum age: From birth to 74

Investment choice: Bank and building society accounts, insured policies, managed funds including investment trusts, unit trusts and Oeics or quoted/unquoted stocks and shares

Options:  Basic fund range, discretionary fund management, online fund supermarket through Fundsdirect, capped drawdown, flexible drawdown, death benefit lump sum, dependent pension, dependent income withdrawal

Charges: Establishment fee £250, annual fee £250,  transaction fee £100 for selling standard investments, closure of additional bank accounts and stockbroker/discretionary fund management accounts £100, establishment/amendment of income withdrawal payments and benefit settlement £120, one-off or non-standard/non-automated payments £53 each, automated payments £11 each, additional charges for access to specialist service providers Bank of Scotland and Fundsdirect, fund charges dependent on funds selected

Commission: Agreed between adviser and client

Tel: 01786 434 213


Counting the cost

As the retail distribution review edges closer, the debate over low-cost investing has ballooned among providers and advisers. Evidence of this can be seen in the flurry of multi-manager launches aiming to deliver the benefits of diversification and strategic asset allocation via a fund of funds or multi-asset and low-cost investment approach. It seems generally […]

Testing time

Well, since my last article, I have had the results from my April sitting of AF3 pensions planning, failed it by a narrow margin, had a remark of the paper where it was still a fail and have also since sat the AF3 exam again on October 3. There, that was a quick article! These […]

Game, offset and match

We all love a good offer, the opportunity of a discount or something that gives us more bang for our buck. Many hours are spent trawling the internet, using sites such as, voucher code websites and a host of tools to save ourselves some cash. The internet has also opened the gateway to a […]

Former-BNY chief Feeney takes on long-term savings role at Old Mutual

Old Mutual has appointed former BNY Mellon Asset Management head of distribution Paul Feeney as chief executive of asset management for the long-term savings division. He is expected to take up the newly created position in early January, subject to regulatory approval. Old Mutual’s long-term savings division offers life insurance, pensions and investment products. Feeney […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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