Pension Services

Self Invested Personal Pensions (SIPP) from Funds Network with no initial commissions

Manage your own flexible pension account. If you are looking to build your own pension pot and not rely on the management abilities of insurance companies, a SIPP may be for you.

SIPPs are simply personal pensions with a wide choice of investment options and proving increasingly popular due to the degree of control over how contributions are invested. The majority of personal pension plans are held with a pension company who will offer a narrow range of investment funds generally administered by them. SIPPs allow the investor far greater flexibility and can invest in a variety of collective funds and unit trusts, individual stocks and shares, futures and options to name but a few.

A SIPP is also a useful way of amalgamating a number of pensions that an individual might have built up throughout their life. They offer flexibility to those running their own businesses and the opportunity to invest in commercial property, such as business premises in their pensions. When you invest in a SIPP you are building a portfolio of assets. As with all investments it is important to consider your objectives for the portfolio – the time period for investing, expected returns and your attitude to risk.

Permitted SIPP Investments

Cash
Unit trusts
Open ended investment companies (OEICs)
Investment trusts
Real estate investment trusts (REITs) – from 2007
Stocks and shares
Futures and options
Fixed interest investments
Commercial property
Warrants
Traded endowment policies
Ground rents, rent charges, ground annual reserved in respect of property
Private equity
Insurance policies linked to unit linked or investment funds of an insurance company resident in the UK

SIPP offering from FundsNetwork with no initial commissions

We provide access to the SIPP offering from FundsNetwork with no additional charges levied by us and based on an execution only service. For further information use our standard enquiry form requesting this service. We can below provide a brief summary of the scheme offered.

How can contributions be made?

Lump sum investment
Regular investment
Transfer of Personal Pension Schemes - Occupational Pension Schemes - Section 32 buy-out policies - Free-standing additional voluntary contributions schemes - Retirement annuity contracts - Stakeholder pension schemes1
Block transfers – schemes with more than 2 members with rights to protect

Investment Amounts

The minimum regular payment is £300 a month or £3,000 a year
The minimum single or transfer payment is £10,000
Maximum controlled by the Annual Allowance
No maximum limit for transfers

Who can make investments?

An individual
An employer
A third party e.g. legal guardian