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.