The firm says the new product “brings together the best of the Curtis Banks and Suffolk Life SIPPs into one industry leading proposition.”

It replaces the current range of products and is said to be “more efficient and streamlined with increased functionality” for both advisers and their clients.

The Your Future SIPP accesses the platforms and teams of Curtis Banks with no application fees for online applications and a tiered annual administration fee.

A new online portal will also be launched that directly supports Your Future SIPP.

Curtis Banks says this will deliver efficiencies for advisers reducing the time spent on administration enabling them to spend more time with their clients.

Advisers and clients will benefit from more digital functionality than before, with an environment that is completely responsive for desktop, tablet and mobile.
 
Andrew Rastrick, Chartered Financial Planner, Sterling Asset Management, said: “Curtis Banks has talked with advisers to design a new product and proposition that really suits the future of retirement. 

“They have taken into account not only how people save and access their retirement pot but also the need to access individual information at a time that suits me and on any device, being mobile and iPad friendly is so useful. 

“They have also taken into account the need for the full flexibilities of a bespoke SIPP but the charging only occurs when it is used.”  
 
Steven Nelson, consulting director, the lang cat, said: “There is obviously a crossover point whereby fixed fee products and services such as the Your Future SIPP from Curtis Banks, work out cheaper when compared to alternatives that operate on a percentage-basis.

“What is significantly less simple are the many, many aspects adviser firms need to consider when carrying out provider research and individual suitability exercises.

“Price is a component part of the wider picture, but an extremely important one from the customer perspective.

“Our research shows us that there is a significant portion of customers on platforms whose investments sit wholly within a pension-wrapper. We reckon that adviser firms need to be comfortable that the balance of benefits derived from platform usage are passed onto the customer.”
 
Key features of Your Future SIPP include:

• Open market access to virtually any investment solution

• Online all the time, enhanced digital user experience via a new online portal

• Competitively priced, clients only pay for what they use

• Extensive commercial property experience

• Automated adviser charging
 
Will Self, Curtis Banks Group CEO, said: “The SIPP market is undergoing an evolution.

“On one side a number of platforms are clearly struggling to offer the service levels that advisers demand, and are far from an automatic choice for advisers with outsourced investment propositions.

“On the other, a number of SIPP providers face an uncertain future as they clean up legacy books which contain illiquid investments and are not innovating in new products.

“As one of the leading providers, we have looked to the future and created the new SIPP proposition that advisers asked for, supported by a nationwide adviser support network.”
 
Dave Stratton, group sales director, added: “Your Future SIPP is the first major product launch that we have undertaken for some time. 

“We have worked with a range of adviser firms throughout the process to design a product and supporting proposition that is what advisers and their clients want and need.”