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.