Last updated23rd May 2017

Charges

Charges are not subject to VAT
Initial/Set up fee£150
Annual fee£200 per year
Transfer in feeNone
Transfer out feeNil if cash transfer

£100 if in specie transfer
In-specie transfer in feeN/A
Income DrawdownInitial: None

Ongoing: £100 per year
Benefits calculation feeNone
Annuity purchase feeNone
Payment of death benefits feeNone
Other feesPaper dealing charges, £25 - £75 per transaction

Paperless dealing charges, none

Ad hoc valuation, £100 minimum

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsTBC

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSVia a variety of platforms
External deposit accountsWith exclusions and restrictions
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
Third party loans

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 providerBank of Scotland
Current interest rate£0 - £250,000, 0.15%

£250,000 plus, Bank Base Rate, less 0.25%

Structure

Scheme trusteesTBC
Scheme administratorSuffolk Life

Minimum contributions

Regular payments£100 per month
Transfers/Single Premiums£5,000
Min additional£200

Company Information

OwnershipPrudential
Year established1848
Funds under management£340 billion of assets under management worldwide
Number of SIPPs administeredNot disclosed
Defaqto ratingThree Stars

Transfers

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

Misc

Flexible Drawdown offeredNo
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

Prudential Fund SIPP

Prudential was founded in 1848 and currently has total funds under management in the region of £340 billion.

The Prudential offer two SIPPs (Self Invested Personal Pensions), the Full SIPP and the Fund SIPP.

The Fund SIPP is far more restrictive than the Full SIPP and only allows investment into funds and selected external deposit accounts.

The minimum monthly contribution to the Fund SIPP is £100 with a minimum of £5,000 as a lump sum or transfer in.

As with the Full SIPP the mandated bank account is with Bank of Scotland, which pays a tiered rate of interest.