Last updated19th April 2014

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Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
Annual fee£250, increasing by the Retail Prices Index
Transfer in fee
Transfer out fee£500
In-specie transfer in fee
Income DrawdownInitial: £150 set up fee, plus £150 for payment of tax-free cash

Ongoing: £350 per annum, increasing by the Average Earnings Index
Additional Income Drawdown fees
Annuity purchase fee£150
Payment of death benefits fee£500
Other fees

Management

Access: Direct or via IFABoth

Online capability

DetailsOnline functionality is provided by Clientzone, which is a valuation service available to members. The system provides access to portfolio and account information. There is no trading or dealing capability within this online environment

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accounts
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsAll stockbrokers allowed
Investment trustsAll stockbrokers allowed
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
Third party loans

Property purchase

Purchase feeNot applicable
Sale feeNot applicable
Annual property administration feeNot applicable
VAT registration feeNot applicable
VAT return feesNot applicable
Other feesNot applicable

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate>£99,999, 10.10%
£100,000 - £999,999, 0.15%
Over £1,000,000, 0.25%

Structure

Scheme trusteesHargreave Hale Limited
Scheme administratorDunstan Thomas

Minimum contributions

Regular payments£1,000
Transfers/Single Premiums£25,000
Min additionalNo minimum

Company Information

OwnershipPrivately owned company with 35% interest purchased by Investec in 2001
Year established1897
Funds under management£3.7 billion across all products
Number of SIPPs administered290
Defaqto ratingNot rated

Transfers

Accepts benefits from defined benefit / final salary schemes?Yes

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
Notes

Hargreave Hale

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Hargreave Hale is a privately owned company although Investec bought a 35% interest in 2001.

Hargreave Hale was established in 1897, and administers nearly 300 SIPPs.

The Hargreave Hale SIPP allows access to a range of investments including directly held assets, Unit Trusts and OEICs, shares quoted both in the UK and overseas as well as Investment Trusts.

The mandated SIPP bank account is held with Royal Bank of Scotland and pays an interest rate of between 0.1% and 0.25% per annum.