Corporate and Professional Pensions
Last updated: 22nd June 2020
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
None
Annual fee
£350
Transfer in fee
None
Transfer out fee
None
In-specie transfer in fee
£100
Taking Benefits
Initial: £60
Ongoing: £60
Annuity purchase fee
None
Payment of death benefits fee
None
Other fees
None
Management
Access: Direct or via IFA
Both
Online capability
Details
Available shortly
Permitted Investments
Commercial property
Unit trusts & OEICS
All platforms allowed
External deposit accounts
Unrestricted access to all 'sippable' 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
ETFs
All stockbrokers allowed
Investment trusts
All stockbrokers allowed
Discretionary management
Unrestricted access
National Savings & Investments
Unlisted shares
Subject to due diligence
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Property purchase
Purchase fee
£350
Sale fee
£350
Annual property administration fee
£100
VAT registration fee
£100
VAT return fees
£100
Other fees
Lease renewal fee, £100
Property loan set up fee, £100
Property loan annual admin fee, £100
SIPP Bank Account
SIPP bank account provider
Royal Bank of Scotland
Current interest rate
TBC
Structure
Scheme trustees
Corporate & Professional Pensions Ltd
Scheme administrator
Corporate & Professional Pensions Ltd
Minimum contributions
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
Privately owned
Year established
2001
Funds under management
Circa £80 million
Number of SIPPs administered
Circa 1,000
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.
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