Suffolk Life scraps initial fund charges

The deal adds to previous Suffolk Life arrangements with specific fund houses, bringing more than 1,800 funds to SIPP members with no initial charges. All the funds can be traded online by advisers through Suffolk Life's web portal, and is also available to execution only customers. John Moret, director of sales and marketing at Suffolk Life, says: "Experience tells us that advisers do indeed trade in a very wide range of funds. "Securing a deal with Cofunds, that ensures zero initial charges on the full range of funds removes some price considerations from investment decisions and is...