SIPP provider A J Bell has added commercial property investments to its SIPPcentre.
Customers can access the asset class from the first quarter of 2008, as well as appoint themselves as property managers and hold trustee investment plans.
Members can also access any investment manager and external bank accounts if they wish to hold large cash balances.
The updated SIPPcentre also includes calculation tool upgrades to include alternatively secured pensions (ASP), more frequent adviser payment to allow monthly remuneration for renewal commission and weekly payment for initially commission, and better links to 1st Adviser Office and improved client reporting so IFAs can view customer features easier.
The provider has also added a multi investment account option at no extra cost. The product will also offer links to Cofunds from November 5.
Andy Bell, chief executive of A J Bell says: “Our core charges will remain unchanged but for commercial reasons we won’t be announcing our charges for the extended investment functionality until early December.”
The product requires a £120 plus VAT set up fee and a £160 plus VAT basic annual charge.
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