Last updated3 November 2016
0845 130 3443

IPM, Cambridge House, Campus Six, Caxton Way, Stevenage, Hertfordshire SG1 2XD

www.ipm-pensions.co.uk

Reviews

Read reviews for the IPM Self-Invested Personal Pension

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee£540
Transfer in feeNone
Transfer out fee£250 (additional in specie transfer charges can apply)
In-specie transfer in feeMainly covered by annual fee

£450 for an in specie property transfer
Taking benefitsFlexi-Access Drawdown:


Establishing Flexi-Access Drawdown £150

Payment of regular pension £150 per annum

Closure of SIPP using Flexi-Access drawdown £250

Capped Drawdown:

Payment of regular pension £150 per annum

Capped drawdown review £150

Uncrystallised funds pension lump sum:

£150 per annum
Annuity purchase fee£250
Payment of death benefits fee£250 (can be time costed in some circumstances)
Other feesDrafting a stock transfer form: £30

Deed of assignment (for use in an in specie transfer): £100

Telegraphic transfers: £23.40

Management

Access: Direct or via IFA
Both (direct clients on a case by case basis)

Online capability

DetailsOnline access for advisers to view information held on their clients' IPM SIPPs (transfers, contributions, TBA, drawdown etc). Clients able to view their TBA online. No real time valuations via IPM website, advisers / clients able to use chosen investment house offering alongside IPMs

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsUnrestricted access to all 'sippable' 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 managementUnrestricted access
National Savings & Investments
Unlisted shares
Structured productsWill be considered in line with FCA standard / non standard investment guidance
Trustee Investment Plans
Insurance company funds
Hedge fundsWill be considered in line with FCA standard / non standard investment guidance
Peer to Peer lending
Traded endowment plansWill be considered in line with FCA standard / non standard investment guidance
Intellectual property
Brands / Trademarks
Goodwill
Third party loansbut will be considered on a case by case basis

Property purchase

Purchase fee
£450 per property
Sale fee£350 per property
Annual property administration feeNone
VAT registration fee£150
VAT return fees£150
Other feesNew lease, £100

Assignment of a lease, £100

Grant of a licence, £75

Grant of a tenancy at Will, £75

Dealing with a rent review, £75

Ownership change, £100 per member

Repayment of loan £100

Ownership split amendment £100

Borrowing charge, £450

Dealing with rent arrears, £75 per month

Property development, £200

SIPP Bank Account

SIPP bank account providerBank of Scotland
Current interest rate0.00%

Structure

Scheme trusteesI.P.M. SIPP Administration Limited
Scheme administratorI.P.M. SIPP Administration Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1999 The original IPM Personal Pension Scheme was established in 1995
Funds under management£1.5 bn
Number of SIPPs administered4,500
Defqato ratingNot available

Transfers

Accepts benefits from defined benefit / final salary schemes?
Yes

Misc

Flexi-Access Drawdown and 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

IPM Self-Invested Personal Pension

IPM Personal Pension Scheme was established in 1999 and is based in Stevenage, Hertfordshire.

The firm are privately owned and currently run approximately 4,500 Self Invested Personal Pensions (SIPPs), with in the region of £1.5 billion under management. In addition to their SIPP, IPM also offers a Small Self Administered Scheme (SSAS).

The IPM SIPP offers access to a wide range of allowable investments, but is only available through an IFA.

Unusually the IPM SIPP has no set up charge and no additional annual fee for SIPP property purchase. In addition there are no minimum contribution levels for transfers in, regular payments or lump sums.

The SIPP bank account provider is the Bank of Scotland, which currently pays an uncompetitive rate of interest, although other SIPP deposit accounts can be accessed.