Low-cost Sipp enters the market with advice

Branded as FlexiSipp, the pension package contains no minimum investment, and has neither set up charge nor annual management charges. Philip Browne, director of marketing and a partner at Killik says: “It is a wrapper and we feel it is not appropriate to levy charges for it. However, any investments within the wrapper will incur the normal dealing commissions as they would in any case.” Commercial property purchases will incur charges related to the transaction, he adds. That said, Flexisipp does also provide investment advice through a specialist in-house team of pensions consultants, ...