Last updated14th April 2016

Reviews

Read reviews for the AXA Wealth Retirement Wealth Account SIPP

Charges

Initial/Set up feeNone
Annual feeIf only AXA Wealth Pension Funds are used, £0

Self-investment, £435 (reduced to £330 if £50,000 or more is held in AXA Wealth Pension Funds)
Transfer in feeNone
Transfer out feeNone
In-specie transfer in feeTBC
Taking benefitsFlexi-Access Drawdown: £195 pa

Existing Capped Drawdown: £195 pa

UFPLS: £50 per event
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesInvestment related fees:

NB These charges only apply to the self-invested option

Transaction charge, £22 per transaction

Mutual funds investment charges, variable

Mutual funds switching charge, up to 0.25% of amount switched, capped at £830 per trading year

Equities and other quoted investments, traded online via Winterflood Business Services, £12.50 per transaction

Dealing charges, UK securities:

> £10,000 consideration, 0.75%
Next £90,000 consideration, 0.25%
Balance, 0.15%
Minimum commission, £25
Closing, £10
Certificated charge, £50 per certified transaction

Euroclear internal, Canada and USA, £20
Other markets, £50
Physical transfers-in, £50

Dealing charges, overseas securities:

> £10,000 consideration, 1.25%
Next £90,000 consideration, 0.375%
Balance, 0.275%
Minimum commission, £75
Certificated charge, £50 per certified transaction

Crest and Custody charges:

All securities in overseas custody, £30 per security per year, pro rata
Electronic transfer-in of shares, Free
Withdrawal or transfer of shares, £10 per holding
CREST personal membership (where required) £200 per year, pro rata, plus VAT

Duplicate tax vouchers, £25 each

Other fees:

Upgrading from the AXA Wealth Pension Funds only option, £435 (reduced to £330 if £50,000 or more is held in AXA Wealth Pension Funds)

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsWe offer a complete service solution including online tools, an award winning five star service (five star service award received at the 2014 Financial Adviser Service Awards), to a dedicated telephone support team to help answer your client’s queries. In addition, our online solution for managing your clients’ SIPP and investment portfolios helps you look after day-to-day administration quickly and easily. We have recently added a range of online enhancements, including the ability for you to model different retirement ages through Client Management. With Client Management you have the ability to:
*View current and historic valuations.
*Switch or redirect funds.
*View fund factsheets.
*Update client details.
*Online pension top ups

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS
External deposit accounts
Overseas listed stock and shares
UK listed stocks and shares
AIM shares
Gilts/corporate bonds
ETFs
Investment trusts
Discretionary management
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Peer to Peer lending
Third party loans

Property purchase

Purchase fee £950 plus VAT
Sale feeTBC
Annual property administration fee£350 plus VAT assuming only one lease, £500 plus VAT otherwise

VAT registration fee
VAT return fees
Other feesTBC

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate0.5% below Bank of England Base Rate

Structure

Scheme trusteesAXA Trustee Services Ltd
Scheme administratorAXA Portfolio Services Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipAXA is a French “Société Anonyme à Directoire et Conseil de Surveillance” (a form of limited liability company with a Management Board and a Supervisory Board) existing under the laws of France. The Company’s registered office is located at 25 avenue Matignon, 75008 Paris, France and its telephone number is +33 (0) 1 40 75 57 00.
AXA was incorporated in 1957 but the origin of its activities goes back to 1852. The Company’s corporate existence will continue, subject to dissolution or prolongation, until December 31, 2059. The Company’s number in the Paris Trade Registry is 572 093 920.
AXA Wealth is a marketing brand used by companies in the AXA UK plc group of companies. AXA UK plc (trading as AXA UK) is part of the AXA Group. Its registered address is 5 Old Broad Street, London, EC2N 1AD (company registration number 2937724).
Year established2010 (AXA Wealth)
Funds under managementBy the end of June 2015 the Retirement Wealth Account had £2.65 billion in funds under management
Number of SIPPs administeredBy the end of June 2015 (latest data set available) there were 24,231 plans (including policies in drawdown) under administration on the Retirement Wealth Account.
Defaqto ratingFive Stars

Transfers

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

Misc

Flexi-Access Drawdown/UFPLS offeredYes
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

AXA Wealth Retirement Wealth Account

The AXA Wealth Retirement Wealth Account is available only through Independent Financial Advisers.

The AXA Wealth Retirement Wealth Account allows access to a wide range of investments including commercial property in the UK, platforms, discretionary fund managers and directly held assets.

The mandated SIPP bank account is held with Royal Bank of Scotland and pays interest at rate of 0.5% below the Bank of England Base Rate, however other deposit accounts can be held within the SIPP.