New investment proposition AXA Winterthur Wealth Management (AWWM) has launched its maiden product - a SIPP.
The One from Winterthur offers consumers a wide range of investment options and accepts protected rights, while IFAs will benefit from online support including administration tools, the firm says.
Advisers will have the ability to take customer agreed remuneration (CAR) directly from the client’s funds, AWWM adds, while there is also the option of negotiating ongoing charges with the client.
The product’s single structure allows investors to choose from a range of insured funds from Winterthur’s Elite fund of funds and Tailored Selection range, as well as collectives, shares and commercial property without having to change policies. AWWM says this facility gives clients the ability to adapt their pension to meet their changing needs throughout their retirement journey.
Administration for the product will be carried out in-house as part of the new firm’s philosophy of providing added value to financial advisers.
“The introduction of The One from Winterthur combines the expertise of Winterthur within the complex pension market with the strength and technical capability of AXA,” David Thompson, AWWM managing director of sales and marketing says.
“Its launch is a reflection of the changing needs of our clients and the investment options they now demand alongside the ability to have options at retirement within the same contract.
“These demands mean that a flexible pension structure that can be adapted as people’s needs change, is greater than ever.”
Regular rebalancing for funds from the Tailored Selection and Elite range is offered, whether held solely or along side self-invested assets, and ad-hoc rebalancing is offered for self-invested assets that are readily tradable on-line.
The One from Winterthur also offers access to a full range of Unsecured Pension options (income withdrawal) and Alternatively Secured Pension, giving continuity of benefit provision throughout retirement.
The Unsecured Pension and Alternatively Secured Pension options also give the choice of annuitisation at any point, should the client be given this advice in the future.
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