Suffolk Life has revealed that it will run an execution-only Sipp being planned by Cofunds. Cofunds has been reported to be working on a Sipp for its execution-only clients.Greg Kingston, head of marketing & proposition at Suffolk Life, confirmed that Suffolk Life would be running the operation for Cofunds, a sister company.He said: "Following reports that Cofunds is working on a Sipp for their execution-only clients it should come as no surprise that I can confirm that Suffolk Life will provide this Sipp for them."It demonstrates our willingness and capability to broaden our reach to all types of investors, diversifies our proposition and provides a foundation for us to provide similar Sipp-solutions across the whole market."Cofunds was bought last year by Legal & General which also owns Suffolk Life.Cofunds is reported to be looking to broaden its range of products and services and one product being planned is a relatively sophisticated Sipp product for Cofunds execution-only clients who include Chelsea Financial Services and Bestinvest.{desktop}{/desktop}{mobile}{/mobile}