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Xafinity re-launches its SimplySIPP with two investment accounts to facilitate decumulation & accumulation investment strategies

25 February 2015 


Xafinity has launched an improved version of its SimplySIPP with two investment accounts to support both accumulation and decumulation investment strategies within the SIPP.


The more flexible product follows feedback from advisers who were looking for a product suitable for clients taking advantage of the new drawdown pension regime, but at low cost.


With two investment accounts the Defaqto 4 Star Rated Simply SIPP can hold Discretionary Fund Manager (DFM) accounts, Stockbroker accounts, WRAP, Unit Trusts, OEICS, Bank Deposit accounts and most Structured Products.


All Xafinity SIPP products are ‘whole of market’ and the annual fee for holding one investment account remains at £250pa + VAT, increasing to £299pa + VAT for two investment accounts*.


Jeff Steedman, head of SIPP/SSAS business development, comments: “In order to facilitate the new drawdown rules many advisers were asking for two investment accounts to accommodate a strategy for both longer term growth, in the likes of a DFM/Stockbroker account, with a separate investment strategy for the shorter term.  The second account can be more liquid to facilitate all drawdown payments, via the SIPP current account.


The SimplySIPP offers an excellent value solution for clients who do not need a full SIPP product. Clients can also upgrade at zero cost to our flagship XafinitySIPP if they wish to access the full scope of SIPP investments, for example investment in commercial property, or land.”


Andy Bowsher, Director of Self Invested Pensions at Xafinity added “This brings our SimplySIPP right up to date for April 2015. Indeed all SIPPs & SSASs administered by Xafinity are ready for the April 2015 pension changes.”




For more information:


Charlotte West


T: 020 3725 7024



Vaughan Andrewartha

Votive Communications

T: 0207 248 6058



Notes to Editor


*Fees are collected monthly in arrears.  Additional fees apply.