Last updated21 November 2018

Charges

Charges are not subject to VAT
Initial/Set up feeNone
Annual feeA tiered charge is made dependent on fund size:

0.36% £0 - £749,999

0.33% £750,000 - £999,999

0.30% £1,000,000 - £1,499,999

0.25% £1,500,000 +
Transfer in feeNone
Transfer out feeNone
In-specie transfer in feeNone
Taking benefitsInitial: None

Ongoing: None
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesBuy or sell securities via in house online platform, £12.50

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsThe Elevate platform (through which the Elevate Pension Investment Account is available) allows for client level view only access, upon adviser authorisation. Clients can view their portfolio online, including transactions and performance information and documentation.
With Elevate your advisers can set up four user access levels which are discussed in detail as part of the onboarding process to ensure your users are set up appropriately, giving you greater control over your risk and compliance process. This creates a robust, consistent sales process by controlling access levels for your advisers and providing a consistent client experience

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsSubject to restrictions
Overseas listed stock and shares
UK listed stocks and sharesin house stockbrokers only
AIM sharesin house stockbrokers only
Gilts/corporate bondsin house stockbrokers only
ETFsin house stockbrokers only
Investment trustsin house stockbrokers only
Discretionary managementVia limited panel of managers
National Savings & Investments
Unlisted shares
Structured products
Peer to Peer lending
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 providerRoyal Bank of Scotland, Bank of Scotland & Cater Allen
Current interest rate0.35%

Structure

Scheme trusteesStandard Life Company
Scheme administratorElevate Platform Services

Minimum contributions

Regular payments£100 per month
£300 quarterly
£500 half yearly
£1,000 yearly
Transfers/Single Premiums£1,000
Min additional£1,000

Company Information

OwnershipElevate Portfolio Services Limited - which trades as Elevate - was acquired by Standard Life Savings Limited in 2016 and now forms part of Standard Life Group.

Standard Life is an investment firm in the UK and globally. We're committed to providing you with savings, investment and insurance products. With over 5 million customers trusting us to manage £273.5 billion of their assets every day, we've been helping people prepare for their future since 1825 (data as of 31 December 2017).

Together Elevate and Standard Life Wrap create one of the UK's largest and fastest growing adviser platform businesses with combined assets under administration of over £56.3 billion, a total of over 420,000 customers and combined net asset inflows of £4.7 billion in the last 6 months (as at 30 June 2018).
Year establishedStandard Life established 1825
Funds under managementElevate has over £56.3 billion in assets under management by the end of June 2018.
Number of SIPPs administeredNot disclosed
Defaqto rating

Transfers

Accepts benefits from defined benefit / final salary schemes?
No

Misc

Flexi-Access Drawdown/UFPLS offered
Yes
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

Elevate Pension Investment Account

The Elevate Pension Investment Account (PIA) is a Self Invested Personal Pension which is part of Standard Life group

In common with many other life assurance companies, who offer SIPPs, the charging structure is based on a percentage of the amount invested and is only available through IFAs (Independent Financial Advisers).

Whilst offering a wider range of investment options than other retirement solutions such as a Personal Pension Plan or Stakeholder pension, the Elevate PIA still has a number of restrictions, for example it will only allow a selected panel of SIPP deposit accounts, whereas a large number of their competitors permit all available SIPP deposit accounts.

SIPP investors can only access the Elevate PIA via an IFA and the minimum contribution is set at £100 per month or a lump sum or transfer in of £1,000.

The mandated SIPP bank account is held within a mix of Royal Bank of Scotland (RBS), Bank of Scotland & Cater Allen and pays a rate of interest of 0.35%.