Xafinity launches self-invested personal pension

Benefits administrator Xafinity has announced the launch of its new self invested personal pension (SIPP), its first product in the advised retail pensions market.

It is a reworking of the former Hazell Carr product, which Xafinity gained the rights to after acquiring the pensions company in April 2008.

Now overhauled and re-launched under the Xafinity banner, the pension has been awarded a Five Star Rating from the independent financial research company, Defaqto.

Andy Bowsher, director of self invested pensions at Xafinity said Hazell Carr had already developed a market-leading SIPP product, which has been upgraded further.