Bringing you live news and features since 2006 

Momentum enhances charging transparency


SIPP provider Momentum Pensions has enhanced the transparency of charging on its UK SIPP in response to feedback from advisers and clients.

It has introduced a simplified new schedule for the Momentum SIPP just six months after its UK launch to ensure it stays ahead of the demand for clarity on charges in the SIPP market.
Momentum launched its first UK SIPP – the first to offer the option of switching for free within a multi-jurisdictional proposition – in June 2016.
The new fee schedule features only an annual fee to cover the day to day administration of the scheme and a variation fee if changes are made to the policy.
A standard money out fee would apply to cover the cost of moving money away from Momentum, however movement to other schemes offered by the group remain free.
John McCreadie, head of sales (UK), Momentum Pensions, says: “Transparency over charges and the level and number of fees are crucial to advisers and their clients and that has been the strong message coming back to us since launch in June.
“We have adjusted our fee schedule to address their needs and will continue to ensure we are as transparent as possible. As a new provider we do not have the legacy issues others do and are able to adapt quickly to what advisers and clients are telling us.”
The Momentum SIPP launched with a wide variety of discretionary fund manager (DFM) investment partners in place, and has added more since June with others waiting to be signed up.
The Momentum SIPP is managed from the group’s Manchester office and accepts a minimum transfer value of GBP40,000.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by