This core fund range is available on the Advisory option across the Sippcentre SIPP, ISA and Dealing Account. Advisers will now have access to more than 3,000 core funds of which 2,850 have no initial, dealing or switch charges (for online deals). The additional funds have been added to satisfy the demand for increased choice as adviser firms prepare for the RDR and include a number of institutional share class and index tracking funds.
The following table outlines how this compares with some of the other platforms available for use by advisers.
Source: The Platforum (15/11/2011).
Sippcentre now provides advisers with:
Billy Mackay, Marketing Director says, “We regularly carry out research with our adviser users and we are seeing a greater appetite for a wider fund universe. Gone are the days when the addition of a handful of retail funds would be seen as a benefit.
Mackay continued, “In adding 1,000 funds to our core range we are providing greater choice at a competitive price. The addition of many of the index tracking and institutional share class funds satisfies the demand that has been building as firms re-shape their investment propositions for a post RDR world.”