James Hay, the SIPPs, SSASs and FURBs provider within the Abbey group, is re-launching a low-cost SIPP offer to tap into what it sees as growing market demand.
Select SIPP applies a single annual charge to cover all fees, except those linked to commercial property.
The provider says it will be pushing the new product through a nationwide campaign, including a simplified application form and process.
Previously this month Standard Life announced its move in the SIPPs arena, with proposals for an “inter-generational” product.
Holdings of residential property were also suggested at that time, meaning buy-to-let assets could be defined as pensions fund assets.
Notable in conjunction with that announcement was that Standard Life was also bringing SIPPs administration in-house.IFAonline
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