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Last updated 26th August 2011
Telephone: 0845 130 3443
Address: IPM, Cambridge House, Campus Six, Caxton Way, Stevenage, Hertfordshire SG1 2XD
Go to IPM website
Literature Key Features
Fee Menu
Terms of Business
Charges
Charges are subject to VAT although shown excluding VAT
Initial/Set up fee None
Annual fee £540
Transfer in fee None
Transfer out fee £250 (additional in specie transfer charges can apply)
In-specie transfer in fee Mainly covered by annual fee
£450 for an in specie property transfer
Income Drawdown Initial: £150
Ongoing: £150 per year
Additional Income Drawdown fees None
Annuity purchase fee £150
Payment of death benefits fee £250 (can be time costed in some circumstances)
Other fees Drafting a stock transfer form, £35
Deed of assignment (for use in an in specie transfer), £100
Management
Access: Direct or via IFA Via IFA only
Online capability
Details Online access for IFAs includeds contribution history, transfer history, trustee bank account, drawdown details, historical valuations etc
Permitted Investments
Commercial property Yes
Unit trusts & OEICS Yes, all platforms allowed
External deposit accounts Yes, unrestricted access to all 'sippable' deposit accounts
Overseas listed stock and shares Yes, all stockbrokers allowed
UK listed stocks and shares Yes, all stockbrokers allowed
AIM shares Yes, all stockbrokers allowed
Gilts/corporate bonds Yes, all stockbrokers allowed
ETFs Yes, all stockbrokers allowed
Investment trusts Yes, all stockbrokers allowed
Discretionary management Yes, unrestricted access
National Savings & Investments Yes
Unlisted shares No
Structured products Yes
Trustee Investment Plans Yes
Insurance company funds Yes
Hedge funds Yes
Traded endowment plans Yes
Property purchase
Purchase fee £450 per property
Sale fee £350 per property
Annual property administration fee None
VAT registration fee £150
VAT return fees £150
Other fees Lease renewal £50
New lease £100
Repayment of loan £100
Ownership split amendment £100
Borrowing charge £450
SIPP Bank Account
SIPP bank account provider Bank of Scotland
Current interest rate 0.75% below base rate, SIPP bank account is currently paying 0.1%
Structure
Scheme trustees I.P.M. SIPP Administration Limited
Scheme administrator I.P.M. SIPP Administration Limited
Minimum contributions
Regular payments No minimum
Transfers/Single Premiums No minimum
Min additional No minimum
Company Information
Ownership Privately owned
Year established 1999
Funds under management Circa £1.4 bn
Number of SIPPs administered Circa 5,000
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes
Misc
Flexible Drawdown Offered Yes
Notes
