Elevate Pension Investment Account

Last updated: 22nd June 2020

Charges Charges are not subject to VAT

Initial/Set up fee

None

Annual fee

A tiered charge is made dependent on fund size:

£0-£149,999 0.30%
£150,000 - £999,999 0.25%
£1,000,000 - £2,249,999 0.20%
£2,500,000 - £4,999,999 0.15%
£5,000,000+ 0.10%

Transfer in fee

None

Transfer out fee

None

In-specie transfer in fee

None

Taking benefits

Initial: None

Ongoing: None

Annuity purchase fee

None

Payment of death benefits fee

None

Other fees

Buy or sell securities via in house online platform, £12.50

Management

Access: Direct or via IFA

Via IFA only

Online capability

Details

The Elevate platform (through which the Elevate Pension Investment Account is available) allows for client level view only access, upon adviser authorisation. Clients can view their portfolio online, including transactions and performance information and documentation.
With Elevate your advisers can set up four user access levels which are discussed in detail as part of the onboarding process to ensure your users are set up appropriately, giving you greater control over your risk and compliance process. This creates a robust, consistent sales process by controlling access levels for your advisers and providing a consistent client experience

Permitted Investments

Commercial property

Unit trusts & OEICS

via in-house platform

External deposit accounts

Subject to restrictions

Overseas listed stock and shares

UK listed stocks and shares

via in-house platform

AIM shares

via in-house platform

Gilts/corporate bonds

via in-house platform

ETFs

via in-house platform

Investment trusts

via in-house platform

Discretionary management

Via limited panel of managers

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Property purchase

Purchase fee

N/A

Sale fee

N/A

Annual property administration fee

N/A

VAT registration fee

N/A

VAT return fees

N/A

Other fees

N/A

SIPP Bank Account

SIPP bank account provider

Royal Bank of Scotland, Bank of Scotland & Cater Allen

Current interest rate

0.35%

Structure

Scheme trustees

Standard Life Company

Scheme administrator

Elevate Platform Services

Minimum contributions

Regular payments

£100 per month
£300 quarterly
£500 half yearly
£1,000 yearly

Transfers/Single Premiums

£1,000

Min additional

£1,000

Company Information

Ownership

Standard Life Aberdeen plc.

Together Elevate and Standard Life Wrap create one of the UK's largest and fastest growing adviser platform busines

Year established

Standard Life established 1825

Funds under management

£59.8 billion in assets under management by the end of June 2019 across all platforms within group.

Number of SIPPs administered

430,000 customers across all platforms within group

Defaqto rating

Three stars

Transfers

Accepts benefits from defined benefit / final salary schemes?

No

Misc

Flexi-Access Drawdown/UFPLS offered

Yes

Scheme Pension offered

No

Notes

Disclaimer

The information within this section is for your general information purposes only and does not constitute investment advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Please obtain professional advice before entering into any new arrangement. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of the information of this site.