Barnett Waddingham adds Brooks Macdonald to DFM Sipp panel

Sipp provider Barnett Waddingham has added Brooks Macdonald Asset Management to its discretionary fund management panel for Sipp clients. Brooks Macdonald, which has £6.677 billion of FUM, will sit on Barnett Waddingham's panel of discretionary investment managers.Barnett Waddingham said in a statement this would be "as part of an on going relationship to provide innovative, cost effective Sipp solutions for financial advisers".The addition of Brooks Macdonald to the panel follows key developments for Barnett Waddingham's Sipp business this year with the launch of its Flexible Sipp in July, and the acquisitions of both Harsant Pensions and Chase de Vere's Sipp businesses over the summer. {desktop}{/desktop}{mobile}{/mobile} Julia Bassett, chief executive of BW Sipp, said: "I'm pleased to announce the addition of Brooks Macdonald Asset Management to our DFM panel as we continue to expand our range of investment options for clients. We are committed to providing professional advisers with a wide range of investment solutions to meet the demands of their Sipp clients, whilst maintaining a high level of customer service at the same time."Meanwhile, the firm has expressed relief that no further radical changes on pensions were announced in the Autumn Statement.Malcolm McLean, senior consultant at Barnett Waddingham, said: "Apart from the proposed withdrawal of the 55% tax charge on inherited pension previously announced, the Autumn Statement contained no further significant changes to pensions."Given the radical changes that were announced in the Budget earlier this year, it comes as somewhat of a relief that the Chancellor has refrained from interfering with pension rules any further ahead of April 2015."There is still a lot of work to be done to implement and educate the public about the Budget changes, and the pensions providers and indeed the pensions industry as a whole will no doubt be breathing a collective sigh of relief due to the uneventful nature of the announcement."

Barnett Waddingham adds Brooks Macdonald to DFM Sipp panel

Related items

News from Twitter