Sipps provider James Hay is expanding its Modular iSipp scheme and says its goal is to create a comprehensive platform for retirement wealth planning.
The Modular iPlan will launch on 3 March, a year after the Modular iSipp
scheme.
Customer demand has driven the decision to develop the scheme further, the company explained.
The plan includes the Modular iSipp with the new option to add and take away the Modular GIA, an investment account, and the Modular ISA.
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The annual administration charge for the Modular iPlan starts from £195 per year.

This fee is waived if the client has £195,000 or more in The Investment Centre.
The Investment Centre charges are as follows:
• First £500k = 0.18% p.a.
• Next £500k = 0.15% p.a.
• £1m+ = 0.05% p.a.

The wrappers allow clients to invest in:

• 2,200 unbundled and clean funds through the Investment Centre.
• Panel of investment managers
• Panel of cash providers
• Panel of execution only stockbrokers