Rowanmoor SIPP – Single Investment Option
Last updated: 22nd June 2020
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
Nil
Annual fee
£275
Transfer in fee
None for cash transfers
Transfer out fee
Nil cash transfer out
£500 in specie transfer out
In-specie transfer in fee
Not currently permitted
Taking Benefits
Payment of PCLS, £105 per event
Payment of pensions, £130 set up
Regular payment of pensions, £150 per annum
Adjustment to regular payment, £125 per adjustment
Ad-hoc payment from existing drawdown, £250 per payment
Payment of UFPLS, £385 per event
Annuity purchase fee
None
Payment of death benefits fee
None
Other fees
Investment portfolio established with SIPP investment partner, £0
Investment portfolio established with a non-SIPP investment partner, £0
Direct investments (basic), £60 per investment
Ad hoc SIPP valuation, £60
Management
Access: Direct or via IFA
Via IFA only
Online capability
Details
SIPPView is our online service available to all Rowanmoor SIPP clients and their financial advisers.
It provides a wide range of information, including valuations, financial transactions, asset holdings, benefit details, adviser fees and contact details for the SIPP client, their advisers and the appointed SIPP administrator.
The features of SIPPView include: SIPP portfolio valuations and a breakdown of asset holdings; the cash balance and historic transactions for the SIPP bank account; details of contributions paid and transfers received both in cash and in specie; benefits information, including a breakdown of all crystallisation events; fee history, including adviser fees paid; a direct link to the appointed SIPP administrator via secure messaging. Financial advisers can view all their Rowanmoor SIPP clients’ plan details on SIPPView through their personal account.
Permitted Investments
Commercial property
Unit trusts & OEICS
All platforms allowed
External 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
Investment trusts
All stockbrokers allowed
Discretionary management
Unrestricted access
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
Metro Bank
Current interest rate
0.10%
Structure
Scheme trustees
Rowanmoor Trustees Ltd
Scheme administrator
Rowanmoor Personal Pensions Ltd
Minimum contributions
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
Embark Group
Year established
2006
Funds under management
£3,950m
Number of SIPPs administered
4,500
Defaqto rating
4 star
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, only 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.