James Hay to accept applications for protected rights

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SIPP provider James Hay has announced its intention to accept applications for protected rights into its entire product range from October 1 to coincide with the change in regulations.

The suite of SIPP products comprises: James Hay eSIPP, Select SIPP, Private Client SIPP and Wrap SIPP. James Hay pointed to several benefits emerging from the ability to transfer protected rights pensions to a SIPP. These include: greater investment choice - James Hay has over 1,300 funds available; increased control and access to retirement funds when taking benefits and the ability to consolidate which allows customers to easily manage and view their pension assets in one place and may reduce the cost of managing a pension. Andy Pennie, marketing director at James Hay, commented: "Pr...

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