Yorsipp scraps transfer out charges

The provider said it removed the fees in response to calls from the Financial Services Consumer Panel (FSCP) and Financial Conduct Authority (FCA) for providers to be more transparent about service levels. Yorsipp head of business development Mark Canning said the firm had invested in its proposition over the past 12 months "in a bid to bring institutional quality to the retail market". He said: "We believe our decision to remove all transfer out fees is another effective way to improve transparency in the SIPP and SSAS market and ensure clients understand what they are paying for." ...