The pension specialist and self-invested personal pension (Sipp) provider is also adding a guaranteed income investment to its range.
John McCreadie, head of sales (UK), Momentum Pensions, said: “Whilst these options are available in the market, via a full Sipp for example, we have brought together a rounded choice of investment options offering simplified and varying methods of access with straightforward, fair pricing.”
Vanguard
For the first time, the investment provider choices offered via the Momentum Core Sipp include a range from Vanguard, providing low-cost passive solution funds that can be accessed directly, rather than through a fund platform.
McCreadie said the “addition of a direct link to Vanguard” reflects the firm’s approach to “providing appropriate and fair value solutions”.
LV=
In addition, Momentum has reached an agreement with insurer LV= to offer its Protected Retirement Plan, via a trustee investment plan, so that a guaranteed income can be paid over a term set up by the adviser and client.
“We also believe that the income guarantee option offered through LV= is an important and timely enhancement for advisers and their clients who wish to establish a known income stream for a given period, particularly with the recent withdrawal of a well-known provider of such solutions,” McCreadie added.
Sharia and ethical
“The Sharia and ethical elements bring our Core Sipp proposition to a wider investment audience who seek value creation through specialist investment propositions,” McCreadie said.
Specific Sharia and ethical managed portfolios are available through TAM Asset Management, among others.
“Momentum’s strategy is to enable our supporting advisers to decide the way the investment is bought rather than sometimes being funnelled by the nature of the wrapper. It also allows much more flexibility if a client circumstances change and the investment mix needs to be altered,” he said.
