Iveagh, the private investment house and Guinness family office, and Berkeley Burke SIPP Administration have joined forces to offer a private pension plan to clients with more than £25,000 ( $41,167) to invest in the Iveagh Wealth Fund. 

The cost of the SIPP is incorporated into the annual management charge of the fund. Berkeley Burke was introduced to Iveagh through strategic wealth management advisors Jordan Buchanan. Benefits of the pension include no SIPP set-up fee and no annual SIPP administration fee while the minimum investment level is maintained within the fund.

The fund, launched in September 2008, gives investors access to the same investment service that Iveagh provides for its family office clients, which include members of the Guinness family. The fund can invest in all global asset classes and is suitable as a stand alone portfolio or as the core to an integrated investment strategy. The offering targets an annual return of 10 per cent over the long-term.

“The Iveagh Wealth Fund is an ideal pension investment since we seek to provide long term gains with controlled levels of risk. This partnership represents a clear understanding of the market, and caters to the needs of advisors to offer unique and specialist wealth management and pension provision for their clients,” said Paul Ross, Iveagh’s chief investment officer.

In April, the house formed a strategic partnership with 47 Degrees North Capital, a Zurich-based hedge fund product provider. Under the agreement, Iveagh provides initial investment in upcoming 47 Degrees North fund launches that include emerging managers and hedge fund strategies.