Standard Life Active Money SIPP

Initial/Set up fee

Depends on which 'ring' of investments are chosen (see notes below)

Inner ring investments: £0 initial fee

Middle ring investments: £0 initial fee

Outer ring investments: £382 initial fee

Annual fee

Depends on which 'ring' of investments are chosen (see notes below)

Inner ring investments: £0 annual fee

Middle ring investments: £252 if less than £50,000 held on Standard Life platforms and £0 if more than £50,000 is held on Standard Life platforms

Also for middle ring, fund administration charge:

Less than £100,000 0.6% of SIPP Zone Fund Value

£100,000 - £249,999 0.55% of SIPP Zone Fund Value

£250,000 - £499,999 0.45% of SIPP Zone Fund Value

£500,000 + 0.4% of SIPP Zone Fund Value

Outer ring: £524 if less than £100,000 is held on Standard Life platforms, £328 if between £100,000 and £250,000 is held on Standard Life platforms, £197 if between £250,000 and £500,000 is held on Standard Life platforms and £0 if more than £500,000 is held on Standard Life platforms

Outer ring: £328 per annum for each Discretionary Investment Manager

Transfer in fee

None

Transfer out fee

None

In-specie transfer in fee

£298

Income Drawdown

Annual Drawdown Fee £158 - Outer ring only

Additional Income Drawdown fees

None

Annuity purchase fee

None

Payment of death benefits fee

None

Other fees

Transaction charges (excluding Stocktrade) for outer ring investments, £62 per transaction, capped at £394 per annum

Stocktrade charge, Standard Life charge £12 (not included in the capped amount) & Stocktrade's charges 0.3% but collared & capped, £15 & £75 per transaction

Admin charge when age 75 is reached - £224

Discretionary Investment Manager charge £280 per year

Standard Account charge £70 pa
Offline Trading charge £30
Cross Border charge £100
Investments held by overseas custodian charge £50

Access: Direct or via IFA

Both

Details

Full online functionality, including the ability to buy and sell assets, and obtain valuation

Commercial property

Unit trusts & OEICS

Via Standard Life Fundzone, Fidelity FundsNetwork and Standard Life's Sigma platform

External deposit accounts

Overseas listed stock and shares

Via Stocktrade

UK listed stocks and shares

Via Stocktrade

AIM shares

Via Stocktrade

Gilts/corporate bonds

Via Stocktrade

ETFs

Via Stocktrade

Investment trusts & REITS & EPUTS

Via Stocktrade

Discretionary management

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Purchase fee

£818 per property (VAT is not charged on this fee)

Sale fee

£695 per property (VAT is not charged on this fee)

On sale of the property an additional £150 plus VAT is payable to the property manager

Annual property administration fee

Between £440 and £495 plus VAT depending on which property manager is chosen

Plus property administration charge of £252 per property per year (VAT is not charged on this fee

VAT registration fee

Nil

VAT return fees

£139 (VAT is not charged on this fee) per property per year

Other fees

Mortgage administration charge £188 per property per year (VAT is not charged on this fee)

Multi member charge (2-5 members) £57 per member, per property each year, (VAT is not charged on this fee)

Multi member charge (6+ members) £114 per member, per property each year (VAT is not charged on this fee)

SIPP bank account provider

HSBC

SIPP bank account provider

Scheme trustees

Standard Life Trustee Company

Scheme administrator

Standard Life Assurance Limited

Regular payments

£300 per month

Transfers/Single Premiums

£10,000

Min additional

None

Ownership

Owned by Standard Life

Year established

1825

Funds under management

£192 billion accross the whole company as at 30/09/2010

Number of SIPPs administered

78,300

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Flexi-Access Drawdown/UFPLS offered?

Yes

Notes

The Standard Life Active Money SIPP works on the basis of 'rings' each ring carries different charges (as outlined above) and allows different investments, as follows:

Inner ring: 170+ pension funds and a SIPP bank account

Middle ring: mutual funds via Standard Life's Fundzone and Sigma platforms and three fixed rate bank accounts

Outer ring: full self investment options

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.