Rowanmoor adds single investment option to post-freedoms SIPP

The option for the Rowanmoor Pensions SIPP, which launched on 6 April to coincide with the introduction of sweeping changes to pension taxation rules, has been designed for clients looking to invest in a managed portfolio with a discretionary fund manager, stockbroker, or fund platform, or a basic, direct single investment, such as a bank or building society account, trustee investment plan or pension policy. A set-up fee of £100 is £225 cheaper than for the full investment version of the product, while the annual administration charge is £230 cheaper at £250. SIPPs can be converted from...