Sippdeal, which is to launch the first online Sipp aimed exclusively at intermediaries next month, h...
Sippdeal, which is to launch the first online Sipp aimed exclusively at intermediaries next month, has appointed Malcolm Gordon as its national development manager.
Gordon joins from GE Life, where he was head of Sipp development. He will head up Sippcentre, Sippdeal's intermediary division.
Three Sipps will be offered through Sippcentre. There will be an advisory Sipp in which advisers manage investments on behalf of their client. There will also be an execution Sipp, where the client controls their own investments, and a discretionary Sipp, where external managers control investments.
Some 10 external managers have been appointed by Sippcentre to manage the discretionary Sipp: Cazenove, Tilneys, Williams de Roe, Brewin Dolphin, Close Private Asset Managers, Gerrards, Seven Investment Management, Pilling & Co, JM Finn and James Brearley & Sons.
Intermediary commission is available at up to 3% and trail commission at up to 0.5%.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till