Merchant Investors to waive SIPP transfer charges

From 17th September 2008, Merchant Investors will waive the £75 transfer charge for all new and existing transfer applications to its OneSIPP until 31st December 2008.

Merchant Investors will also waive the £50 top up charge for existing OneSIPP clients who wish to top up their SIPP over the same period.

Richard Ellis, Head of Sales and Marketing at Merchant Investors commented: "Interest in our OneSIPP has grown massively since launch in January 2007. Our SIPP offers the flexibility for investors to pay just one charge for the benefit of investing in both an insured account - which already offers full self-investment of Protected Rights so there is no need to wait for the regulations to change on 1 October - as well as a standard trustee-based account. By structuring our charges in this way we believe we're offering clients the best value deal on the market. And with this new special offer investors are getting an even better deal.

"Merchant Investors is not new to the self-invested market, with over 25 years' experience including over 10 years self-investing Protected Rights. We believe we have more experience in self-investing Protected Rights than any other provider."