New SIPP offers free multi-jurisdictional switching
Momentum Pensions has launched its first UK SIPP which offers the option to switch for free within a multi-jurisdictional proposition - a feature which it says is a UK first.
"Adviser feedback was telling us there is an increasing need for a SIPP that allows flexible, multi-jurisdictional switching."
The Momentum SIPP launches with a number of Discretionary Fund Manager investment partners in place, and plans to add more as the product evolves.
The Momentum SIPP will be managed from the Group’s Manchester office and accepts a minimum transfer value of £40,000, with special switcher deal terms available until 30th September.
The Discretionary Fund Manager partners already in place are Bordier, Brewin Dolphin, Brooks Macdonald, Brown Shipley, Investec, Nedbank, Quilter Cheviot, Rathbones, SVS Securities, TAM and Tilney.
Stewart Davies, Group CEO of Momentum Pensions, said: “Adviser feedback was telling us there is an increasing need for a SIPP that allows flexible, multi-jurisdictional switching.
“The Momentum SIPP is the first in the UK to offer this, and with our quality Discretionary Fund Manager investment partners we are confident that we have created a fully flexible product that advisers can recommend to their clients, safe in the knowledge they will benefit from a best-in-class investment process.”
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