Sipps provider Suffolk Life has added Verbatim Discretionary to its SimSipp offering.
Verbatim Asset Management's discretionary fund manager offering is now available as a single investment manager via the Suffolk Life SimSipp. It joins 13 other DFMs available on the SimSipp.
Verbatim Discretionary was launched last year and provides a range of discretionary managers to call upon whilst the adviser controls the client relationship.
The SimSipp was launched by Suffolk Life in early 2011 and helps meet the needs of discretionary fund managers and advisers wishing to use a single DFM.
Claire Trott, pensions technical manager at Suffolk Life, said: "Advisers are looking for a range of services to meet the needs of different segments of their client bank. SimSIPP offers the full flexibility of retirement options and the service you would expect from a full SIPP.
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"If the client needs greater investment flexibility in the future, such as to purchase commercial property, then it is a simple process to convert to a full SIPP without the need to change DFM or transfer the assets to a new plan. This makes it easier for the adviser in the long term because they don't need to do a full recommendation and pension transfer."
Neil Stevens, managing director of Verbatim Asset Management, said: "As more adviser firms hire our investment teams to run their discretionary portfolios we felt it was essential to partner with a leading provider for SIPPs. When we looked at the Suffolk Life offering it was the obvious choice."

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