SIPP to access Fund Supermarket

FundZone, Standard Life's mutual fund supermarket, is now available through its retail and group SIPPs, offering an increase in investment choice for both advisers and customers while offering an innovative pricing approach.

This continues Standard Life's development of its market-leading SIPP proposition, having already announced protected rights can be invested from the 1st October in the SIPP.

Benefits include:

Access to over 1,000 funds from Standard Life Investments and other leading fund managers at attractive rates

All funds available at Net Asset Value (no initial charge) meaning advisers can agree transparent remuneration levels with their clients

Innovative pricing approach with large fund discounts and a discount on the yearly administration charge based on the combined value of insured funds and mutual funds on FundZone

Online fund trading to ensure accurate and timely execution

Dave Campbell, Director of Retirement Solutions at Standard Life said: "This enhancement is great news for advisers who want to use a ‘clean' mutual fund platform for SIPP investments. This means all funds are available at Net Asset Value with no in-built initial or trail commission. Working in this way allows advisers to really embrace a customer agreed remuneration model for both up-front and ongoing advice charges. We're pleased to be able to extend the range of funds available to advisers and believe FundZone provides great choice and value for their clients."

Campbell continued: "Providing access to FundZone is part of our major development programme for SIPP in 2008. We recognise that innovation will continue to drive the SIPP market and we are firmly committed to staying ahead of the game.

"We recently announced we will be able to accept protected rights transfers into our SIPP from October, while our new Retirement Manager tool is being very warmly received by advisers. This latest development is further proof of our intention to lead this market for years to come."