UK-based Suffolk Life, a provider and administrator of self invested personal pensions, has launched MasterSIPP, a new trust based-SIPP product.

MasterSIPP is an alternative to current self invested personal pensions (SIPP) products available on the market and allows investment flexibility and the facility to self-invest protected rights money. It has been carefully thought through and designed to offer maximum benefits to all investors whilst meeting the current legal and regulatory requirements, according to Suffolk Life.

Henry Catchpole, CEO of Suffolk Life, said: The SIPP market has grown beyond everyone’s expectations and as it has grown Suffolk Life has adapted its product and service offering to provide outstanding value for money and the highest quality service. Following A-day we have looked at how the market has developed and what the future holds. This has led us to announce the launch of a new trust based product, the Suffolk Life MasterSIPP, which also allows the self-investment of protected rights money.