Last updated26th April 2017

Reviews

Read reviews for the Dentons SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£350
Annual fee£410 for Single Portfolio SIPP (which allows one platform or one investment manager who is pre-approved by Dentons)

£545 for Full SIPP
Transfer in fee£50 per transfer
Transfer out feeFrom £250. This includes the winding up of the SIPP, preparation of legal documents to close the trust, moving cash & completion of transferring information request form.
In-specie transfer in feeTime cost
Taking Benefits
Flexi-Access Drawdown:

Benefit Crystallisation £250

Payment of regular pension £120 per annum

Annual review £110 per review

Capped Drawdown:

Benefit Crystallisation £250

Payment of regular pension £120 per annum

Annual review of pension income £150 per review (can opt out in writing)

Formal review of pension income £250 per review (mandatory)

Conversion of capped drawdown to flexi-access drawdown pension £Nil

Uncrystallised funds pension lump sum:

Benefit Crystallisation £250
Annuity purchase feeFrom £180
Payment of death benefits feeFrom £180
Other feesSetting up investment portfolios or platforms, from £150

Non standard asset transaction, from £400

Opening additional bank accounts, from £100 per account

HMRC Scheme Return fees £50 per annum

Management

Access: Direct or via IFABoth

Online capability

DetailsDentons has an existing client online portal where clients & their advisers can see details of the SIPP records online, including:
·          Assets held
·          Consolidated valuations
·          Cash account balance
·          Contributions made
·          Transfers - a history of all transfers both in and out of the SIPP
·          Income drawdown information - such as benefits taken and benefit calculations

A demo can be viewed at http://www.dentonspensions.co.uk/Media-Centre/Web-portal-demo/

All literature and case studies are available to download.

Denton offer a pre-populated application form. The application cannot be made completely online, as they still need a wet signature. It does guide clients through
the process and will automatically pre-populate areas of the application form reducing the need for clients to re-input the same information in another area.

For example, where a client provides details of transfers, the transfer request authority form will be automatically populated with the relevant details.  All details can be saved, viewed at a later date and corrected as appropriate before being printed, signed and submitted.

Permitted Investments

Commercial property
Overseas property Only allowed in certain jurisdictions
Unit trusts & OEICSAll platforms allowed
External deposit accounts
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsAll stockbrokers allowed
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted access
National Savings & Investments
Unlisted sharesUK unlisted shares only and subject to approval
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Peer to Peer Lending
Intellectual propertySubject to a full review of the proposed investment by the Dentons Investment committee
Brands / TrademarksSubject to a full review of the proposed investment by the Dentons Investment committee
Goodwill
Third party loansSubject to a full review of the proposed investment by the Dentons Investment committee. Third party loans need to be secured and a minimum of £5,000 liquid funds need to be kept in the SIPP

Property purchase

Purchase feeFrom £800 per property
Sale feeFrom £250 per property
Annual property administration feeNone
VAT registration feeFrom £190
VAT return feesFrom £100
Other feesOverseas commercial property, from £1,500

Environmental search, £150

SIPP Bank Account

SIPP bank account providerCater Allen
Current interest rateUp to £99,999 - 0.1%
£100,000 - £499,999 - 0.375%
£500,000 plus - 0.5%

Structure

Scheme trusteesDenton & Co Trustees Ltd
Scheme administratorDentons Pension Management Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single Premiums£50,000
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1979
Funds under adminstration£3.1 billion
Number of SIPPs administeredover 4,200
Defaqto RatingFive Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes, only if IFA advised

Misc

Flexi-Access Drawdown offeredYes
Uncrystallised Funds Pension Lump Sum offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Dentons SIPP

Dentons have been providing SIPPs since 1979. Currently, Dentons run over 4,200 Self Invested Personal Pension (SIPPs) with over £3.1 billion funds under management.

The Dentons SIPP allows investment in a wide range of different investments including shares, gilts, corporate bonds, funds, OEICs, commercial property and SIPP deposit accounts.

Open to both direct investors and for those people who use an IFA the Dentons SIPP has no minimum lump sum or monthly contribution and can also be used to accept transfers in.

The mandated SIPP bank account is held with Cater Allen.