InvestAcc is running a summer offer on its Sipp Lite product to celebrate the first anniversary of the product being launched.
Until 30 September, any new Sipp Lite plans will benefit from a reduced set-up fee of £95 + VAT. This is down from the usual cost of £195 + VAT.
The firm has also said that provided an illustration is received by the firm by 30 September, it will honour the reduced rate until 31 October. This will mean advisers have an extra one month period to complete any pipeline cases.
There is also an annual cost of £195 per year which includes services such as appointment of corporate trustees, administering all banking facilities and provision of annual valuation.
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Sipp Lite was designed by InvestAcc to reflect the increase in investors using platforms or passing funds to a discretionary fund manager. This means less administration for InvestAcc so it can offer a reduced charging structure.
It is suitable for investors who want to invest in either a discretionary fund manager account, a stockbroker account, fund platform, structured product, insurance company trustee investment plan or bank deposit account.
Clients can upgrade to a full Sipp, the Minerva Sipp, at any time for free and will then pay the full Minerva Sipp fee.