Last updated23 May 2019

Reviews

Read reviews for the Morgan Lloyd Qualitas & Directus SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£495 - Qualitas SIPP

£0 - Directus SIPP (panel investment provider)
£150 - Directus SIPP (non-panel investment provider)

Annual fee£930- Qualitas SIPP

£150 - Directus SIPP (panel investment provider)
£250 - Directus SIPP (non-panel investment provider)
Transfer in feeNone
Transfer out fee£450 - Qualitas SIPP

£200 - Directus SIPP
In-specie transfer in feeNone - Qualitas SIPP

£150 - Directus SIPP
Income DrawdownBenefit Crystallisation Calculation
£275 - Qualitas SIPP
£150 - Directus SIPP

Annual income drawdown fee
£275 - Qualitas SIPP
£175 - Directus SIPP
Additional Income Drawdown feesEstablishing a PAYE Scheme £160

Review pension income £100
Annuity purchase feeNone
Payment of death benefits fee£275 - Qualitas SIPP
£175 - Directus SIPP
Other feesIntellectual property or other asset purchase, £300 plus 0.25% of asset value

Intellectual property fee, £300 per year

To set up scheme pension, £600

Preparation and submission of registered pension scheme return, £175

SIPP wind up, £450

Establishment of a syndicate SIPP, £500

Unlisted Share purchase, £600 plus 0.25% of asset value

Payment of Pension Sharing Order £275

Non panel bank account £300

Non panel investment £180

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsNone

Permitted Investments

Commercial 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 managementOnly Quilter or Brewin Dolphin allowed
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Intellectual property
Third Party Loans
Traded endowment plans

Property purchase

Purchase fee£750
Sale fee£350
Annual property administration fee£300 for one property
+£100 for every additional property
VAT registration feeIncluded in annual property administration fee
VAT return fees£25 per quarter
Other feesMortgage borrowing facilitation £200

SIPP Bank Account

SIPP bank account providerRoyal Bank of Scotland
Current interest rate0%

Structure

Scheme trusteesMorgan Lloyd SIPP Services Limited
Scheme administratorMorgan Lloyd SIPP Services Limited

Minimum contributions

Regular payments£75
Transfers/Single Premiums£1,000
Min additionalNo minimum

Company Information

OwnershipClifton Asset Management plc
Year established2009
Funds under managementApproximately £12 million
Number of SIPPs administered194

Transfers

Accepts DB transfers?Yes, if IFA advised

Misc

Flexible Drawdown offeredYes
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Morgan Lloyd Qualitas SIPP & Directus SIPP

The Morgan Lloyd group of companies was founded in 2003 and offers two Self-Invested Personal Pension Products (SIPP) – Morgan Lloyd Directus and the Morgan Lloyd Qualitas, along with significant expertise in the operation of Small Self-Administered Schemes (SSAS).

One of the more recent additions to Morgan Lloyd’s offering is a specialist trademark registration service and intellectual property asset identification, assisting an ever increasing number of business clients in this rapidly growing area. Morgan Lloyd’s expertise in intellectual property allows intermediaries to discuss alternative business funding with their clients, using a pension-led solution.

Morgan Lloyd Directus is a basic SIPP product offering a value for money alternative where a client’s requirements are expected to be fairly straightforward. The Directus SIPP includes all traditional investment opportunities expected of a quality SIPP product.

Morgan Lloyd Qualitas however is an evolutionary development in SIPP products that provides a framework in which more sophisticated pension holders can utilise the full range of allowable investments.