European Pensions Management (EPM) has waived the the minimum £15,000 investment in its low-cost Funds SIPP until the end of the year, to accommodate investors who want to transfer small protected rights funds.
The Funds SIPP, which offers access to more than 1,000 funds through the Selftrade platform, does not have a setup or annual management charge, nor are there any charges on contributions or transfers-in. If investors do want access to a broader range of investments in the future, they will not be locked in, but can move to another, broader EPM SIPP structure. EPM managing director Francis Moore explained that whilst some protected rights funds run to hundreds of thousands of pounds, many clients also have small sums, from short periods of employment or contracting-out. He said: "In t...
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