James Hay adds 7IM to iSIPP

The 7IM iSIPP with DFM has no annual or set-up fee, but charges £50 for transfers in or to establish a regular contribution. The discretionary service comes with regular reports and use of 7IM's platform. The investment manager divides its approach to asset allocation into two stages: firstly strategic, basing allocation on historical asset class performance data, and then tactical, based on market views. The development follows a spate of releases into the simple SIPP market this year. In Q1 this year, AJ Bell added an ISA and a dealing account to its online offering SIPPCentre...