Prudential launches lower cost flexible SIPP

A maximum of 20 Cofunds funds may be selected and the expanded fund choice will also include Prudential’s existing insured funds, such as its multi-asset range. The FundSIPP option will be available through both the personal pension and income drawdown elements of Prudential's Flexible Retirement Plan. From 12 May until 31 December 2008, there is no set-up or ongoing annual administration fee for access to the FundSIPP option if over £50,000 is kept in Prudential’s insured funds. From this date, the annual administration fee for the FundSIPP option is £200 plus a set-up fee of £150. Th...