Last updated3rd May 2015

Reviews

Read reviews for the Zurich

Charges

Charges are not subject to VAT
Initial/Set up feeNone
Annual feeDependent on fund size.

Pre- Retirement:

10k - 19,999 1.00% per year

20k - 49,999 0.75% per year

50k - 99,999 0.65% per year

100k - 249,999 0.60% per year

£250k + 0.55% per year

Income Drawdown:

50k - 99,999 0.65% per year

100k - 249,999 per year 0.60%

£250k + 0.55% per year
Transfer in fee£310.75 if Zurich funds are below £140,000
Transfer out feeNone
In-specie transfer in fee£103.55
Income DrawdownInitial: Less than £140,000 held in Zurich funds £77.65

More than £140,000 held in Zurich funds £0

Ongoing (in addition to charges shown above): Less than £140,000 held in Zurich funds £124.25 (£51.75 if no income is taken)

More than £140,000 held in Zurich funds £0
Additional Income Drawdown feesSet up charge for each additional tranche £77.65

Yearly charge for each additional tranche £124.25 (£51.75 if no income is taken)

Ad hoc income payment, £56.95

Alteration to income fee, £56.96
Annuity purchase fee£103.55
Payment of death benefits feeNil
Other feesIn specie transfer out fee £103.55

Mutual fund transaction charge, £20.65 per online trade, £41.35 per trade through dealing desk

Stocks and shares transaction charge, £20.65 per online trade, £41.35 per trade through dealing desk

Trustee Investment Plan £41.35 per year for each TIP held

Trustee Invesrment Plan transaction fee £41.35 for each transaction

Fixed term deposit account, £41.35 per transaction

Offshore Bond £41.35 per year for each bond held

Offshore Bond transaction fee £41.35

Deposit based Structured Product charge £41.35 per transaction

Discretionary Fund Manager yearly fee £155.35

Ad hoc valuation of wider SIPP assets £103.55





Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsEasy to use portal which features the ability to configure access to both funds and wrappers as well as placing either the adviser’s own brand on the site.

Deep two-way integration with back office systems means reuse of client data reducing the amount of time on administration.

Full integration with independent toolset allowing client preferences and portfolios to be analysed and monitored without the need for re-keying data.

Straight through processing to ensure real-time transactions on investments, trades, switches or withdrawals.

Pre-funding of trades, including: pension tax relief, fund manager rebates and one off withdrawals, to minimise the time clients are out of the market.

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSIn house platform only
External deposit accounts
Overseas listed stock and sharesIn house stockbrokers only
UK listed stocks and sharesIn house stockbrokers only
AIM sharesIn house stockbrokers only
Gilts/corporate bondsIn house stockbrokers only
ETFsIn house stockbrokers only
Investment trustsIn house stockbrokers only
Discretionary managementUnrestricted access
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 providerRoyal Bank of Scotland
Current interest rate0.30%

Structure

Scheme trusteesZurich Pension Trustees Ltd
Scheme administratorSterling ISA Managers Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipZurich Insurance
Year established1917
Funds under management£39 bn across all products
Number of SIPPs administered25,500
Defaqto ratingFive Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?
No

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

Zurich Intermediary Platform – Retirement Account

Zurich was established in 1872 and has assets under management of over £41 billion in the UK across all products.

The Zurich SIPP is only available through IFAs (Independent Financial Advisers) and whilst there is no initial charge has a percentage based annual charge, which changes depending on whether you are pre or post retirement.

Whilst having wider investment powers the Zurich SIPP is perhaps more restrictive than other SIPPs which are available.

The minimum monthly payment into the Zurich SIPP is £100, providing that a lump sum or transfer of at least £10,000 is also received.

The mandated SIPP bank account is held with Royal Bank of Scotland and currently pays no interest whatsoever.