Chartwell prepares to launch own SIPPs

Chartwell will provide its own SIPPs from October or November, Craig Wetton, investment director at Chartwell, tells IFAonline. The company previously sold SIPPs from providers including James Hay but for the first time will offer its own products. Cofunds, an independent investment platform, will run the SIPPs. Clients pay for investor centre in the form of trail commission. There is no joining fee and 50% of the remuneration is paid back as a rebate. The remainder pays for the service. Investor centre users choose their own asset allocations through an online platform that holds their ...