IPM Self-Invested Personal Pension

Initial/Set up fee

None

Annual fee

£580

Transfer in fee

None

Transfer out fee

£250

In specie transfer, £30 per asset

In-specie transfer in fee

Mainly covered by annual fee

£450 for an in specie property transfer

Taking benefits

Flexi-Access Drawdown:

Establishing Flexi-Access Drawdown £150

Drawdown annual fee £150 pa

Closure of SIPP using Flexi-Access drawdown £250

Capped drawdown review £150

Accessing uncrystallised funds pension lump sum facility £150 pa

Annuity purchase fee

£250

Payment of death benefits fee

£500

Other fees

Non-Standard investments: From £600 +vat

Non-Standard investments annual fee: £200 +vat

Overseas investments: up to £200 +vat

Drafting a stock transfer form: £30

Deed of assignment (for use in an in specie transfer): £100

Divorce: from £500 +vat (up to max £5,000 +vat)

Ad hoc valuations: £50 +vat

Access: Direct or via IFA

Both (direct clients on a case by case basis)

Details

Online access for advisers to view information held on their clients' IPM SIPPs (transfers, contributions, TBA, drawdown etc). Clients able to view their TBA online. No real time valuations via IPM website, advisers / clients able to use chosen investment house offering alongside IPMs

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

Structured products

Will be considered in line with FCA standard / non standard investment guidance

Trustee Investment Plans

Insurance company funds

Hedge funds

Will be considered in line with FCA standard / non standard investment guidance

Traded endowment plans

Will be considered in line with FCA standard / non standard investment guidance

Third party loans

but will be considered on a case by case basis

Purchase fee

£550 per property

Sale fee

£350 per property

£700 Sale of Property at Auction

Annual property administration fee

None

VAT registration fee

£200

VAT return fees

£200 pa

Other fees

Mortgage arrangement, £550

Rent reviews, £150

Ownership change, £200 per member

Borrowing charge, £550

Dealing with rent arrears, £75 per month

Property development, from £400

Aborted Purchases, Up to £900

SIPP bank account provider

Metro Bank

Current interest rate

2.85%

Scheme trustees

I.P.M. Personal Pension Trustees Limited

Scheme administrator

I.P.M. SIPP Administration Limited

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Ownership

Privately owned

Year established

1999 The original IPM Personal Pension Scheme was established in 1995

Funds under management

c£2.6 bn

Number of SIPPs administered

c5,000

Defaqato rating

5 star

Accepts benefits from defined benefit / final salary schemes?

Yes

Flexi-Access Drawdown and UFPLS Offered

Yes

Scheme Pension offered

No

Notes

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.