Home| Last updated | 7th March 2012 |
|---|---|
Charges | Charges are not subject to VAT |
| Initial/Set up fee | None |
| Annual fee | 0.55% of first £75,000 0.35% on next £925,000 0.10% on assets over £1m A low cost option is also available at 0.25% with restricted fund manager access and subject to other terms and conditions |
| Transfer in fee | None |
| Transfer out fee | None |
| In-specie transfer in fee | None |
| Income Drawdown | Initial: None Ongoing: None |
| Additional Income Drawdown fees | None |
| Annuity purchase fee | None |
| Payment of death benefits fee | None |
| Other fees | None |
Management | |
| Access: Direct or via IFA | Via IFA only |
Online capability | |
| Details | No IFA or member online functionality |
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, via Barclays Stockbrokers |
| UK listed stocks and shares | Yes, via Barclays Stockbrokers |
| AIM shares | Yes, considered by trustees on a case by case basis |
| Gilts/corporate bonds | Yes, via Barclays Stockbrokers |
| ETFs | Yes, via Barclays Stockbrokers |
| Investment trusts | Yes, via Barclays Stockbrokers |
| Discretionary management | Yes, limited panel of 5 managers |
| National Savings & Investments | Yes |
| Unlisted shares | No |
| Structured products | Yes |
| Trustee Investment Plans | Yes |
| Insurance company pension funds | Yes, minimum of £3,000 must be held in insured funds (range of 120 to choose from) |
| Hedge funds | No |
| Traded endowment plans | Yes |
Property purchase | |
| Purchase fee | £1,300 per property |
| Sale fee | £320 per property |
| Annual property administration fee | £210 per property |
| VAT registration fee | =LV do not allow their SIPP to be VAT registered |
| VAT return fees | =LV do not allow their SIPP to be VAT registered |
| Other fees | |
SIPP Bank Account | |
| SIPP bank account provider | Royal Bank of Scotland |
| Current interest rate | 1% below Bank of England base Rate |
Structure | |
| Scheme trustees | NM Pensions Trustees |
| Scheme administrator | NM Pensions Trustees |
Minimum contributions | |
| Regular payments | £250 per month, unless £10,000 transfer or lump sum is paid in then minimum becomes £25 per month |
| Transfers/Single Premiums | £10,000 |
| Min additional | £1,000 lump sum £25 per month |
Company Information | |
| Ownership | Mutual institution |
| Year established | Liverpool Victoria Friendly Society Limited was founded in 1843 |
| Funds under management | Not disclosed |
| Number of SIPPs administered | Not disclosed |
Transfers | |
| Accepts transfers from defined benefit / final salary schemes? | Yes, if IFA advised |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes |
