London and Colonial launches new Sipp and annuity products

Pensions company London and Colonial has expanded its range with the launch of a new multi-platform Sipp and multi-platform open annuity. These 'entry-level' products will offer clients lower fees and investment opportunities across a range of platforms, says the company.The platforms include AXA Elevate, Ascentric, Cofunds and Platform One.The cost of a transfer is removed, says the firm, as all investment options are contained within the same wrapper. This means no additional transfers or set-up fees for the client and less administration for the adviser.Adam Wrench, head of product and business development, said: "In partnership with an ever increasing panel of plaform providers we have been able to unbundle the pension wrapper administration from the platform investment administration."The result is a powerful proposition that can flex according to the client's changing circumstances. We offer a choice of platform providers as well as off-platform flexibility both offshore and onshore."We will be able to offer a consolidated view of all clients across multi-platforms whether Sipps, flexible annuity or Qrops."There are also upgrade options available to upgrade to drawdown or to the full Sipp, to export to multi-platform Qrops if clients move abroad or transfer to an L&C multi-platform annuity for higher income limits. • Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.

London and Colonial launches new Sipp and annuity products

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