Rowanmoor and Brooks Macdonald launch SIPP

The product has been designed to attract investors who have SIPP portfolios worth more than £200,000. Rowanmoor will provide the administrative framework for the SIPP whilst Brooks Macdonald will provide investment advice via its bespoke portfolio service. The new product will cost a maximum of 0.75% of the amount invested per year plus VAT for SIPP administration and investment management. Ian Hammond, managing director of Rowanmoor Pensions, said: "The SIPP is designed to give maximum flexibility to the discerning self-employed, business partner or individual wanting a high degre...