New range of Shari’ah-compliant UK pensions launched
In order to equivalate the growing demand from UK Muslims for a suitable retirement vehicle, Pointon York has launched a range of Shari’ah-compliant Self-Invested Personal Pensions (SIPPs).
Sultan Choudhury, Commercial Director, stated that people are attentive to the risks of not putting enough aside in pensions for their retirement.
The four Shari’ah-compliant SIPP products that Pointon York will offer are:
- e-SIPP. A low cost SIPP which can be easily managed online
- Single Investment SIPP. A straightforward SIPP for clients wishing to invest in a single asset
- Individual SIPP. A fully flexible SIPP allowing an extensive range of investments
- Corporate SIPP. Suitable for employers, it has three tiers providing flexibility. It is made up of the e-SIPP, the Single Investment SIPP and the Individual SIPP.