Parmenion upgrades in-house SIPP for 6 April pension changes

From 7 April, the payment of both lifetime income and capital withdrawals will be free of all costs bar the platform's standard charge, as will be the deduction of tax and the provision of electronic statements. Parmenion launched its investment SIPP in June 2014 on the back, it said, of adviser demand; the platform provided access to several third-party offerings but opted to develop an in-house proposition based on interest from intermediaries. At Budget 2014, George Osborne shocked savers with a raft of changes to how they can access their money from age 55. Parmenion head of di...