group offering intermediaries up to 25% of sipp annual management fee as commission
Teather & Greenwood Investment Management (TGIM) has launched a Sipp offering intermediaries up to 25% of its annual management fee as ongoing commission. Investors in the Sipp, launched in partnership with Wolanski & Co and Abbey National subsidiary Cater Allen Bank, are each allocated a fund manager to oversee their investments. The manager is drawn from a team of 30 at the group, headed up by senior fund manager Jonathan Hill, unless the portfolio is to be run by the introducing intermediary. The annual management charge on the Sipp is 1% on funds up to £500,000, 0.7% for funds be...
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