Suffolk Life working as the pension trustees and provider for the SIPP have teamed up with Cofunds (who are providing the platform in which to invest) to offer the Cofunds Pension Account.
This is a low-cost, flexible pension with access to all the funds on the Chelsea FundStore (over 2,500 funds). We have removed the initial fund charges for all funds and, in addition, there is no fee to switch between funds and no set-up charge for the SIPP wrapper for clients of Chelsea.
This pension is a fund-based pension suitable for clients wanting to simply hold funds and avoid the higher costs associated with traditional SIPPs. If you have collected pensions over the years you can now consolidate them all in one place, via the Chelsea FundStore, meaning that your pensions would be easier to manage.