Charles Stanley Alpha SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

None

Annual fee

£250

Transfer in fee

£125

Transfer out fee

£125 to UK scheme

In-specie transfer in fee

Not available

Taking benefits

First benefit crystallisation event, nil

Second and subsequent events, £100 per event

Annual payroll fee, £50

Annuity purchase fee

TBC

Payment of death benefits fee

Time costed

Other fees

Account closure (charged in addition to any other fees if closure within 2 years of opening) £250

Return of overpaid contributions, £75

Pension Sharing work, time costed

Collective portfolio service:

Annual charge, 0.75%

Initial commission, none

Dealing commission, none

Execution only portfolios:

Direct equity investment, £150 per annum

Dealing commission for UK securities, between 0.15% and 0.75% dependent on size of deal (minimum £25)

Dealing commission for overseas securities, between 0.275% and 1.25% dependent on size of deal (minimum £75)

Transaction charge, applied to all transactions (except, considerations over £24,999, UK sales worth less than £100 or all execution-only and Collectives Portfolio Service
transactions) , £15

Withdrawal or transfer of shares, £10 per holding

Management

Access: Direct or via IFA

Both

Online capability

Details

Permitted Investments

Commercial property

Unit trusts & OEICS

Via in house platform only

External deposit accounts

Overseas listed stock and shares

Via in house stockbrokers only

UK listed stocks and shares

Via in house stockbrokers only

AIM shares

Via in house stockbrokers only

Gilts/corporate bonds

Via in house stockbrokers only

ETFs

Via in house stockbrokers only

Investment trusts

Via in house stockbrokers only

Discretionary management

Via Charles Stanley only

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

Bank of Scotland

Current interest rate

0%

Structure

Scheme trustees

EBS Management Pension

Scheme administrator

EBS Management Pension

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

100% owned by Charles Stanley PLC

Year established

1970

Funds under management

Over £22bn

Number of SIPPs administered

Not disclosed

Defaqto rating

None

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

Flexi-Access Drawdown/UFPLS offered

Yes

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.