Home| Last updated | 3rd April 2012 |
|---|---|
 | Telephone: 0845 54 32 600 Address: Trafford House, Chester Road, Manchester, M32 0RS Go to the Sippdeal website |
| Literature | Download literature from the Sippdeal website |
| Other ways to stay on touch with Sippdeal |  |
Charges | Charges (except dealing charges) are subject to VAT although shown excluding VAT |
| Initial/Set up fee | None |
| Annual fee | None |
| Transfer in fee | None |
| Transfer out fee | £75 |
| In-specie transfer in fee | None |
| Income Drawdown | Initial: £150 for first tranche, £75 for subsequent tranches Ongoing: £75 per year |
| Additional Income Drawdown fees | Flexible Drawdown: Initial fee, £75 Closure fee, £75 |
| Annuity purchase fee | £125 |
| Payment of death benefits fee | Time costed |
| Other fees | Online dealing charges: £4.95 (no VAT is charged) per deal if 20 or more deals made in previous month £9.95 (no VAT is charged) per deal if 0-19 deals made in the previous month Telephone dealing charges: £29.95 (no VAT is charged) per deal |
Management | |
| Access: Direct or via IFA | Direct only |
Online capability | |
| Details | Full online access |
Permitted Investments | |
| Commercial property | No |
| Unit trusts & OEICS | Yes, in house platform only |
| External deposit accounts | No |
| Overseas listed stock and shares | Sippdeal offers a limited number of US and European quoted shares. The list of available shares does change so clients will need to check with the Sippdeal Dealing Services if they wish to invest in a particular share |
| UK listed stocks and shares | Yes, via in-house dealing platform |
| AIM shares | Yes, via in-house dealing platform |
| Gilts/corporate bonds | Yes, via in-house dealing platform |
| ETFs | Yes, via in-house dealing platform |
| Investment trusts | Yes, via in-house dealing platform |
| Discretionary management | No |
| National Savings & Investments | No |
| Unlisted shares | No |
| Structured products | Yes |
| Trustee Investment Plans | No |
| Insurance company funds | No |
| Hedge funds | Yes |
| Traded endowment plans | No |
Property purchase | Not 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 | Below £50,000 0.05% Above £50,000 0.10% |
Structure | |
| Scheme trustees | Sippdeal Trustees Limited |
| Scheme administrator | AJ Bell Management Ltd |
Minimum contributions | |
| Regular payments | None |
| Transfers/Single Premiums | None |
| Min additional | None |
Company Information | |
| Ownership | Invesco Perpetual and MAM Funds own 36% and 10% respectively of the share capital, the remainder being owned by Andy Bell and the management team |
| Year established | 1995 |
| Funds under management | £15 billion |
| Number of SIPPs administered | 59,000 |
Transfers | |
| Accepts benefits from defined benefit / final salary schemes? | Yes, advised only |
Misc | |
| Flexible Drawdown offered | Yes |
| Notes | * across A J Bell Group |
