DP Pensions Ltd launch single investment SIPP

We are delighted to announce the launch of our new Premier Trust Single Investment SIPP in response to the growing number of advisers using them for their clients.

The Premier Trust Single Investment SIPP will complement our existing product range and offers a lower cost option for advisers and their clients.

David Phillips, Managing Director, DP Pensions said: “We have seen unprecedented change in the pensions industry in recent years and advisers are looking to partner with firms that are developing their product ranges, are financially strong and committed to the market for the long term. We are seeing growing interest from advisers using a single fund manager and have developed the Premier Trust Single Investment SIPP to meet this need.”

The SIPP will be able to hold the plan bank account and one investment account with a panel investment manager. DP Pensions has over 40 investment managers on the panel. If the desired investment manager is not currently on the panel they will look to add it providing it meets the required due diligence.

Elaine Turtle, Director, DP Pensions added: “Advisers are under increasing pressure to minimise the time they spend on administration and enable them to spend more time advising clients. They are looking for products that are simple to set up and are cost effective for clients. That is exactly what the Premier Trust Single Investment SIPP does. At just £195 a year, this product is not only transparent but also flexible with a wide range of DFMs, platforms and stockbrokers available. It meets the needs of advisers and their clients.”

David Schiller, Head of Financial Planning, Charles Cameron Financial Planning said: “The DP Pensions Single Investment SIPP is very welcome and a great addition to their suite of products. There is continued demand as more clients look to provide a simpler SIPP product, with a lower fee, but with the same technical knowledge and service underneath it. With continued consolidation in the financial services sector, the adviser community look to have the flexibility to move DFM or platform, should service deteriorate and this product enables us to have that.”

David Taplin, Chairman of Argentis Financial Management Ltd, and Head of Wealth at Arthur J. Gallagher said: “With clients looking to consolidate smaller pension pots but retain the flexibility to decide on the investments, the DP Pensions Single Investment SIPP will be ideal. We have used them for many years and rate their technical knowledge, staff and administration service very highly. There is a very wide range of DFM partners and these have been carefully selected based on their own due diligence, and there are low charges as you might expect from this type of product, but also if a client decides they want more flexibility to perhaps invest in commercial property then the SIPP can easily move to the DP Pensions Premier Trust SIPP product to accommodate this, making it a very useful financial planning tool.”

More details can be found at Single Investment SIPP