Last updated25th June 2015
0203 479 5505

Perrymount House, 38-42 Perrymount Road, Haywards Heath, West Sussex, RH16 3DN


www.londoncolonial.com

Reviews

Read reviews for the London & Colonial Simple Investment SIPP

Links

Visit London & Colonial's website
LiteratureApplication Form

Brochure

Key Features Document

Schedule of Fees
Other ways to stay in touch with London & Colonial

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£100

Plus supplementary fee of £100 if application is paper based
Annual feeCore Component, £199 per annum

Additional Investment Component, £75 per year

Specialist Investment Component, £100 per year

Benefits & Income Component, £120 per year
Transfer in feeNone, for up to three initial transfers as detailed on Application Form

Subsequent transfers, £60 each
Transfer out fee£150, plus In-Specie charge if applicable (UK registered)

£200, plus In-Specie charge if applicable (QROPS)
In-specie transfer in fee£75 per asset
Income DrawdownInitial: £120

Ongoing: Benefits & Income Component Fee £120
Additional Income Drawdown feesFlexi-Access, £120 set-up per event

UFPLS, £120 per payment

Closure of SIPP, £200

Additional one off payments, £30
Annuity purchase feeNone, if bought from London & Colonial

£150, if purchased from another insurer
Payment of death benefits feeTime costed, minimum £150
Other fees

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsOnline 'look up' available showing holdings, values, contributions, transfers, transaction statements and other client data.

Trading and additional functionality available via chosen platform.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
External deposit accountsWithin additional investment component
Overseas listed stock and sharesAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
UK listed stocks and sharesAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
AIM sharesAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
Gilts/corporate bondsAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
ETFsAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
Investment trustsAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
Discretionary managementAvailable with Core Component via Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearley, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities. Additional Investment component (Any provider subject to trustee approval).
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
Peer to Peer lending

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 providerHSBC
Current interest rate0%

Structure

Scheme trusteesLondon & Colonial Services Limited
Scheme administratorLondon & Colonial Services Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single Premiums£10,000
Min additional£10,000 single premium or transfer

Company Information

OwnershipLondon & Colonial Holdings Limited
Year established1995
Funds under management£700 Million (2014) estimate
Number of SIPPs administeredTBC
Defaqto ratingFour Stars

Transfers

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

Misc

Flexi Access Drawdown 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

London & Colonial Simple Investment SIPP

London & Colonial was established in 1995 and has approximately £700 million of assets under management. The Simple Investment SIPP is the latest development of London & Colonial’s popular Multi-Platform SIPP, offering far greater levels of flexibility and choice when it comes to selecting preferred investment(s) and/or investment provider(s). Whilst it retains all of the essential elements associated with the Multi-Platform SIPP, the Simple Investment SIPP adopts a Multi-Component approach, with all components individually priced to provide a more cost effective solution.

The London & Colonial Simple Investment SIPP currently has links with Ascentric, AXA Elevate, Brewin Dolphin, Cofunds, James Brearly, Platform One, Prudential International Bond, Rowan Dartington, Royal London 360, Old Mutual International, Old Mutual UK, Stocktrade, Strand Capital, SVS, TAM Asset Management, Transact, True Potential, and Whitechurch Securities.

Whilst there is no minimum regular payment into the London & Colonial Multi-Platform SIPP there is a minimum transfer in or single premium of £10,000. The mandated SIPP bank account is held with HSBC which currently pays no interest.