|Last updated||10th April 2017|
|Charges are subject to VAT although shown excluding VAT
|Initial/Set up fee||£100|
|Transfer in fee||None for cash transfers|
|Transfer out fee||£325 cash transfer out
£650 in specie transfer out
|In-specie transfer in fee||Investment related fees apply|
|Taking Benefits||Payment of PCLS, £105 per event
Payment of pensions, £130 set up
Regular payment of pensions, £125 per annum
Adjustment to regular payment, £125 per adjustment
Ad-hoc payment from existing drawdown, £250 per payment
Payment of UFPLS, £385 per event
|Annuity purchase fee||None|
|Payment of death benefits fee||None|
|Other fees||NB: This option is currently suspended
Transfer of asset in lieu of cash contribution, £750 per arrangement plus £80 per asset re-registration
Investment portfolio established with SIPP investment partner, £0
Investment portfolio established with a non-SIPP investment partner, £0
Direct investments (basic), £60 per investment
Ad hoc SIPP valuation, £60
|Access: Direct or via IFA||Via IFA only|
|Details||SIPPView is our online service available to all Rowanmoor SIPP clients and their financial advisers.
It provides a wide range of information, including valuations, financial transactions, asset holdings, benefit details, adviser fees and contact details for the SIPP client, their advisers and the appointed SIPP administrator.
The features of SIPPView include: SIPP portfolio valuations and a breakdown of asset holdings; the cash balance and historic transactions for the SIPP bank account; details of contributions paid and transfers received both in cash and in specie; benefits information, including a breakdown of all crystallisation events; fee history, including adviser fees paid; a direct link to the appointed SIPP administrator via secure messaging. Financial advisers can view all their Rowanmoor SIPP clients’ plan details on SIPPView through their personal account.
|Unit trusts & OEICS||All platforms allowed|
|External deposit accounts|
|Overseas listed stock and shares||All stockbrokers allowed|
|UK listed stocks and shares||All stockbrokers allowed|
|AIM shares||All stockbrokers allowed|
|Gilts/corporate bonds||All stockbrokers allowed|
|Investment trusts||All stockbrokers allowed|
|Discretionary management||Unrestricted access|
|National Savings & Investments|
|Trustee Investment Plans|
|Insurance company funds|
|Traded endowment plans|
|Brands / Trademarks|
|Third party loans|
|Annual property administration fee||n/a|
|VAT registration fee||n/a|
|VAT return fees||n/a|
SIPP Bank Account
|SIPP bank account provider||Metro Bank|
|Current interest rate||0.20%|
|Scheme trustees||Rowanmoor Trustees Ltd|
|Scheme administrator||Rowanmoor Personal Pensions Ltd|
|Regular payments||No minimum|
|Transfers/Single Premiums||No minimum|
|Min additional||No minimum|
|Funds under management||£3,950m|
|Number of SIPPs administered||4,500|
|Defaqto rating||4 star|
|Accepts benefits from defined benefit / final salary schemes?||Yes, only if IFA advised|
|Flexible Drawdown offered||Yes|
Rowanmoor is a trading name of the Embark Group, providing Self Invested Personal Pensions (SIPPs) , Small Self Administered Schemes (SSASs) and Family Pension Trusts (Family SIPPs).
Rowanmoor Personal Pensions Limited administers around 4,500 SIPPs, which can be opened through an IFA.
The Rowanmoor SIPP has two investment options that allow investment into a wide range of assets, including commercial property, listed and unlisted shares, discretionary fund managers, investment trusts, external deposit accounts and many other assets.
There are no minimum contribution levels to open a Rowanmoor SIPP. However, £2,000 in cash or other easily realisable assets must be retained in the SIPP for fees and liabilities that may arise.
The mandated SIPP bank account is held with Metro Bank and currently pays a rate of interest rate of 0.20%.