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.