By James Thorneley Close Wealth Management, part of Close Brothers, is offering a Sipp product for t...
By James Thorneley Close Wealth Management, part of Close Brothers, is offering a Sipp product for those with a minimum portfolio of £25,000. The group claims the product has the lowest administration charges of its type, with a £550 establishment fee which includes the annual management fee of £275. The charges for managing the Sipp portfolio consist of a one-off start-up charge of 1.5% of the value of the new funds. An annual management fee of 1%pa of the value of the portfolio is charged quarterly in arrears. There are no specific charges for transferring into the product. In addition...
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