Momementum’s Core SIPP includes a range of funds from Vanguard for the first time, providing low cost passive funds, accessed directly rather than through a fund platform. Momentum has also reached an agreement with LV= to offer its Protected Retirement Plan (via a Trustee Investment Plan) to enable a guaranteed income to be provided over a term established by the adviser and client.
Sharia and ethical managed portfolios are available through TAM Asset Management and others.
John McCreadie, Momentum head of sales, said: “Whilst these options are available in the market, via a full SIPP for example, we have brought together a rounded choice of investment options offering simplified and varying methods of access with straightforward, fair pricing.
“The addition of a direct link to Vanguard is just one of a number of important developments for Momentum and reflects our innovative approach to providing appropriate and fair value solutions and to drive our growth ambitions.
“We also believe that the income guarantee option offered through LV= is an important and timely enhancement for advisers and their clients who wish to establish a known income stream for a given period, particularly with the recent withdrawal of a well-known provider of such solutions.”
He said the Sharia and ethical elements should bring its proposition to a wider investment audience.
He added: “Momentum’s strategy is to enable our supporting advisers to decide the way the investment is bought rather than sometimes being funnelled by the nature of the wrapper. It also allows much more flexibility if a client circumstances change and the investment mix needs to be altered.”
The Momentum SIPP range is administered in Manchester.