Dentons Pensions Management has launched two new pension products to widen the choice available to investors.
The Single Portfolio SIPP and the Flexible Pension Scheme will add a low-cost discretionary SIPP and scheme pension facilities to Dentons's range.
For investors looking to create a single portfolio, tailored to their specific investment goals, Dentons says the Single Portfolio SIPP offers a low-cost way of achieving a flexible investment strategy.
Key features include freedom of contribution payments, ability to select managers or a platform, IHT planning options, staggered retirement, USP and ASP.
Dentons has client agreements with a number of investment managers, including Newton, Baring Asset Management and London & Capital to supply the service at a low cost.
Martin tilley, business development manager at Dentons, says: "The Single Portfolio SIPP is a simple, lower-cost product that allows investors to create their own tailored portfolio specifically meeting their needs and investment goals, managed by one of a selected panel of discretionary fund managers.
"It is a vehicle that very much matches the demand we see from the market and which we think will very soon become one of our most popular and successful products."
The Flexible Pension Scheme offers a scheme pension, allowing those aged over 75 to continue to use their full SIPP capabilities.
Scheme pension offers flexibility of income, and is particularly useful for those aged 75 as it does not require them to buy an annuity. It also offers a number of tax advantage over alternatively secured pensions, including a 10-year guarantee, allowing a large portion of the funds to be utilised before tax charges on death are levied.
"The pensions industry is constantly evolving as are the demands of pension investors and I think these two new products demonstrate how much effort we put into research and innovation and to ensure our clients have access to the best products and service in the market," Tilley adds.
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