EPM opens door to smaller pension pots
European Pensions Management (EPM) is opening up its self-invested personal pension (Sipp) to investors with smaller pots of cash.
Until now the Sipp provider has required a minimum investment of £15,000 for its low-costs Funds Sipp.
However, it has waived this requirement until the end of the year in a bid to accommodate investors who would like to transfer small protected rights funds.
The Funds Sipp allows investors to put their cash into a savings plan which provides access to more than 1,000 funds.
It has no annual set-up or management charge and there are no charges on contributions or transfers in.
Francis Moore, managing director of EPM, said: "In the current economic climate it is particularly true that all of our savings, big or small, are important.
"For those who want to tidy up their pension savings we think our Funds Sipp offers an excellent home, with simple structure, access to a wide range of funds."
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