Merchant Investors waives SIPP transfer charge

The deal includes the £75 transfer charge for all new and existing transfer applications to its OneSIPP as well as the £50 top-up charge for existing clients. Merchant adds the product already offers self-investment of protected rights meaning clients will not need to wait for the regulations to change on 1 October. Richard Ellis, head of sales and marketing at Merchant Investors, says: “Our SIPP offers the flexibility for investors to pay just one charge for the benefit of investing in both an insured account as well as a standard trustee-based account. “By structuring our charges in th...