Suffolk Life freezes fees for second year

SIPP provider Suffolk Life will hold its fees at 2009 levels for 2011.

Fees on the provider's MasterSIPP, which allows investment in company shares and in-specie contributions, have been frozen for the second year running.

Annual fees on the MasterSIPP remain at £490 for the first pension entitlement.

Suffolk Life also plans further enhancements to the product this year.

"Recommending a SIPP provider is an important decision, and one that should have considerable longevity," says Greg Kingston, head of marketing at Suffolk Life.

"Advisers can continue to be reassured that as a provider we remain dedicated to continually improving and evolving our range of products and services, while always being realistic about fees, particularly in these tough economic times."