Last updated16th May 2019

Charges

Charges are not subject to VAT
Initial/Set up fee£352.90 if less than £140,000 in Zurich Pension funds, otherwise, nil
Annual fee£75 per year payable quarterly for Retirement Account

£470.55 for Wider SIPP assets if Zurich funds are below £140,000

Zurich Portfolio Charge:

Up to £99,999
0.35%
£100,000 - £249,999
0.30%
£250,000 - £499,999
0.25%
£500,000+
0.10%
Transfer in fee
Transfer out feeNone for cash transfers
£117.55 for in-specie transfers out
In-specie transfer in fee£117.55
Taking BenefitsNo additional fees

Annuity purchase fee£117.55
Payment of death benefits feeNil
Other feesIn specie transfer out fee £117.55

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

Stocks and shares transaction charge, £24, incl VAT per online trade

Trustee Investment Plan £46.90 per year for each TIP held

Trustee Investment Plan transaction fee £46.90 for each transaction

Fixed term deposit account, £46.90 per transaction

Offshore Bond £46.90 per year for each bond held

Offshore Bond transaction fee £46.90

Deposit based Structured Product charge £46.90 per transaction

Discretionary Fund Manager yearly fee £176.40

Ad hoc valuation of wider SIPP assets £117.55





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 rateTBC

Structure

Scheme trusteesZurich Pension Trustees Ltd
Scheme administratorCapital Life & Pensions Regulated Services (Capita)

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipZurich Insurance
Year established1917
Funds under management£50bn across all products as at Dec 2015
Number of SIPPs administered25,500
Defaqto ratingFive Stars in 2017

Transfers

Accepts benefits from defined benefit / final salary schemes?
No

Misc

UFPLS/ 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

Zurich Intermediary Platform – Retirement Account

Zurich was established in 1872 and has assets under management of over £50 billion in the UK across all products.

The Zurich SIPP is only available through IFAs (Independent Financial Advisers) and if you hold more than £140,000 in Zurich pension funds, there are no set up fees.

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.