Montpelier Parmenion Partnership
For further information, please visit www.parmenion.co.uk
Montpelier Pensions Administration Services Limited (MPAS) have signed a deal with Parmenion Capital Partners, providers of outsourced investment platform services, to offer a discretionarily managed SIPP with perhaps the lowest charges yet seen in the competitive SIPP market.
The new Montpelier Discretionary SIPP will have an establishment charge of just £99 (for investments over £50,000) with annual basic SIPP charges of just £150. The SIPP is accessible through Parmenion’s platform with the underlying portfolio investments being managed in risk adjusted portfolios by Parmenion’s investment team. Investors will also be able to access to comprehensive range of passive and ethical investment options, as well as having a seamless introduction into more complex SIPP investments such as property and unquoted shares if required.
Kevin Wells, MPAS Managing Director, comments: “With the SIPP market place moving so quickly and pressure mounting on charges, there is a clear demand for a SIPP which offers highly competitive pricing and a comprehensive investment management service. Parmenion have led the way in developing outsourced discretionary services for modern Advisers and we are delighted that together we can bring to the market a SIPP which offers the levels of investment service that today’s Advisers demand but with charges at low levels unimaginable a few years previously.”
MPAS and Parmenion have seen demand for their services increase in 2009 with both firms developing reputations for high levels of administration and service support.
Richard Mein, Parmenion Capital Partners’ Managing Partner, comments: “In the post-product world, an efficient, low price SIPP wrapper offering full discretionary management is an invaluable tool in the modern Adviser’s armoury. Montpelier is a truly 21st century company, placing enormous emphasis on service and effective technology, and the combination of both Parmenion and MPAS know-how has created a truly market leading service.”
