Last updated6th May 2014

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Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£175
Annual fee£275
Transfer in fee£75

Transfers in from overseas schemes, £375 - £750

Transfer out fee£125

In-specie transfer out, £165

Transfers out to overseas schemes, £375 - £750
In-specie transfer in fee£0, assuming the transfer relates to a panel investment provider
Income DrawdownInitial: £350

Ongoing: £150
Additional Income Drawdown feesFlexible Drawdown, £75, payable in addition to normal Income Drawdown fee
Annuity purchase feeSimple Annuity purchase, £150

More complex cases, time costed
Payment of death benefits feeTime costed
Other feesSIPP closure, £250

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsThe Alltrust proposition is service based and customers prefer to speak to someone rather than relying on an online system. There is however an online technical facility for IFAs

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSLimited range of platforms
External deposit accounts
Overseas listed stock and sharesVia a limited range of stockbrokers
UK listed stocks and sharesVia a limited range of stockbrokers
AIM sharesVia a limited range of stockbrokers
Gilts/corporate bondsVia a limited range of stockbrokers
ETFsVia a limited range of stockbrokers
Investment trustsVia a limited range of stockbrokers
Discretionary managementVia a limited range of stockbrokers
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

SIPP Bank Account

SIPP bank account providerHandelsbanken
Current interest rate0.31%

Structure

Scheme trusteesMember plus Alltrust SIPP
Scheme administratorAlltrust SIPP

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established2005
Funds under managementNot disclosed
Number of SIPPs administered715
Defaqto RatingNot available

Transfers

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

Misc

Flexible Drawdown offeredYes
Scheme PensionYes
NotesThe Oasis option allows an IFA to provide a client with a more moderately costed SIPP which can be converted after two years into a Full Alltrust SIPP.

If a conversion is required to a Full SIPP before then additional fees will become payable.

Alltrust Oasis SIPP

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Alltrust is privately owned and currently manages 715 SIPPs.

Alltrust offer two SIPP products, their Full SIPP and the Oasis SIPP, designed to give investors a ‘slimmed’ down version of the main SIPP product.

The Alltrust Oasis SIPP allows investment into a range of assets, including funds and OEICs, as well directly held assets such as shares and Discretionary Fund Managers.

Alltrust was established in 2005.

The mandated SIPP bank account is held with Handelsbanken and pays an interest rate of 0.31% per annum. Unlike with the Alltrust Full SIPP, investors cannot take out alternative bank accounts within the Oasis SIPP.