Pointon to launch corporate Sipp as part of 'aggressive' growth plan

Pointon York Group is preparing to launch a new corporate Sipp as part of 'aggressive' growth plans.

It is looking for £1.75 million or a minimum of £1.25 million, of additional capital for its Sipp business Pointon York Sipp.

According to a spokesman for the firm the cash injection will fund 'aggressive growth plans targeting the corporate market' of which its new product - to be launched in April - will be the first part.

The proposition will offer employees their own Sipp into which they can invest contributions according to five levels of risk.

Policyholders will also be able to view their asset allocations online.

Employers will be able to choose between three versions of the product depending on the level of investment management. The first includes the risk management tool, the second adds further investment options and the third provides a full Sipp to employees.

‘This is a fully scalable product, aimed at companies of any size,’ said Pointon York chairman Geoffrey Pointon.

‘This will give employees access to asset allocation and an ability to chose the level of risk their workplace pension is taking via a suite of investments.’

The Sipp provider said its product is 100% commission free and compliant with the retail distribution review.