Wrap platform Ascentric is launching a simplified SIPP product to help IFAs and their clients consolidate and control their pension assets.
The Ascentric Pension Account (APA) is a low cost SIPP wrapper and will be fully integrated with Ascentric's online platform. Ascentric says the APA will compliment the existing 20 SIPPs on the platform, and has been created following feedback from advisers. Existing plans can be transferred to APA from any UK registered pension scheme, including protected rights and contracted out benefits, allowing clients to consolidate their savings. The SIPP is designed to be low cost and transparent, with an initial setup fee of £150 and a further £150 annual administration charge along with the...
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