James Hay, the Sipps and platform specialist, has updated its Modular iSIPP by extending the switch on/switch off approach to non-pension wrappers.
The company says that the modular approach minimises the administration charges investors pay but maintains the option to include complex investments in their portfolios as and when they need them. Investors only pay for what they use when they use it, meaning they can switch on and off a wide range of investment options to suit their specific investment needs throughout the cycle of retirement wealth planning and drawing income.
Building on the Modular iSIPP, which was launched in January 2013, the platform is applying the same principles of increased investor choice and control to general investment accounts (GIAs) and individual savings accounts (ISAs). The full suite of wrappers and underlying modular investment options is called Modular iPlan and the Modular iSIPP acts as the gateway product.
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The Modular iPlan offers an extensive range of investment options including:
· Over 2,200 investment funds via the Investment Centre Sipp starting at 18 bps and tiering down to 5 bps
· Whole of Market
· DFMs
· Fixed Term Deposits
· Commercial Property
· Specialist Investments

Other enhancements include e-signatures and a slicker and shortened online application process
Chief executive Alastair Conway said: "We've taken 30 years' experience and devised a flexible and fair way for investors to gain access to an extensive range of investment options in a manner, and at a point in their lives, that best suits their retirement wealth planning and income drawing needs."