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James Hay abolishes commission on Sipps
by William Robins on Apr 07, 2011 at 12:02
James Hay Partnership has removed commission from its Sipps in line with adviser charging rules.
James Hay will allow advisers using its iSIPP platform to choose their own charging options, with payments made from client cash accounts.
Chris Smeaton (pictured) head of product development at James Hay said: ‘With the retail distribution review in mind we have genuinely abolished all commission, together with any fund transaction charges to make our iSIPP one of the most competitive on the market today. This will be the way all fund supermarkets are likely to go in the future.’
The iSIPP’s Investment Centre platform includes 1,800 commission-free funds as well as trading tools, a next day fund switching service and online reporting.It also includes a Selftrade online trader service, a panel of five discretionary investment managers and cash deposit accounts.
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