Home| last updated | 23rd August 2011 |
|---|---|
Charges | Charges are not subject to VAT |
| Initial/Set up fee | None |
| Annual fee | None |
| Transfer in fee | None |
| Transfer out fee | £25 per asset transferred |
| In-specie transfer in fee | None |
| Income Drawdown | None |
| Additional Income Drawdown fees | Benefits calculation fee, £100 Alteration to income fee, £25 Ad hoc income payments £25 |
| Annuity purchase fee | £150 (waived if bought through Bestinvest) |
| Payment of death benefits fee | Time costed |
| Other fees | Each fund makes an annual charge Directly held securities e.g. Shares, ETFs and Investment Trusts £7.50 per trade for portfolios of over £50,000 £12.50 per trade for smaller portfolios. Flat custody fee £25 per quarter where Bestinvest does not recieve an annual commission from the fund manager Deals placed by phone £75 Transfer out to an overseas pension £75 Closure of account £75 Triviality payment charge £150 |
Management | |
| Access: Direct or via IFA | Direct only |
Online capability | |
| Details | Full online access for member dealing, valuations and fund switching |
Permitted Investments | |
| Commercial property | No |
| Unit trusts & OEICS | Yes, in house platform only |
| External deposit accounts | No |
| Overseas listed stock and shares | Yes, in house platform only |
| UK listed stocks and shares | Yes, in house platform only |
| AIM shares | Yes, in house platform only |
| Gilts/corporate bonds | No |
| ETFs | Yes, in house platform only |
| Investment trusts & REITS & EPUTS | Yes, in house platform only |
| Discretionary management | No |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | No |
| Trustee Investment Plans | No |
| Insurance company funds | No |
| Hedge funds | No |
| Traded endowment plans | No |
Property purchase | No permitted |
| Purchase fee | N/A |
| Sale fee | N/A |
| Annual property administration fee | N/A |
| VAT registration fee | N/A |
| VAT return fees | N/A |
| Other fees | N/A |
SIPP Bank Account | |
| SIPP bank account provider | Bank of Scotland |
| Current interest rate | Less than £25,000 0% More than £25,000 0.25% (paid on total cash balance) |
Structure | |
| Scheme trustees | EBS Management plc |
| Scheme administrator | EBS Management plc |
Minimum contributions | |
| Regular payments | £100 |
| Transfers/Single Premiums | £3,600 |
| Min additional | £500 lump sum or transfer |
Company Information | |
| Ownership | Privately owned |
| Year established | 1986 |
| Funds under management | Circa £4 billion across all types of investment |
| Number of SIPPs administered | Not disclosed |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Not known |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
