AJ Bell to provide Skandia Sipp

Multi-manager pension provider Skandia has chosen specialist actuarial, trustee and administration f...

Multi-manager pension provider Skandia has chosen specialist actuarial, trustee and administration firm AJ Bell to provide its Sipp product, to be launched towards the end of the year. Charges for the Sipp wrapper will include an initial fee of £150 plus an annual charge of £160. An additional £200 will be levied where investment is made into non-Skandia funds and cash. Skandia said the product would differentiate itself from competitors who force investors into their own branded funds. While its pricing structure is designed to help investors choose Skandia funds, low-cost electronic adm...