Investments held in our self-invested pensions must meet our requirements for permissible assets. Occasionally legislation will affect particular asset types and render them unacceptable, where this is the case we reserve the right to disinvest.
Members can appoint an investment manager to run portfolios in their scheme. If so, we offer guidance on the administration requirements and acceptability of assets.
All investments for the Option SIPP must meet the FCA’s definition of Standard Assets (please note we do not allow commercial property in the Option SIPP). In addition, we allow Fixed Term Bank Accounts with terms of more than 30 days in the Option SIPP.
Please contact our Customer Services team on 01204 803 500 or email us to see if we have an existing relationship with your chosen investment or platform provider or if we need to start our due diligence process to allow clients to invest with them. Alternatively please contact a member of our Sales team.
We have relationships with the majority of the UK’s Discretionary Fund Managers (DFMs) and stockbrokers, from the large national brands to lesser known names. If you have a particular firm in mind, please contact a member of our Sales team who will check to see if we have an existing relationship with the firm.
If your preferred DFM/Stockbroker is not a firm we have used before, we will need to complete our usual due diligence checks before proceeding. We will do this promptly once we have received your request so that we can open an account on behalf of your client(s) as soon as possible.
If your client is looking to purchase funds, shares, bonds or other assets that can be held on a platform, we can open up an Embark Third Party Investment Account (TPIA) within an Option SIPP. Alternatively, we have relationships with numerous other platforms if preferred, and can complete out usual due diligence checks on those platforms that we have not used before.
Regarding our Embark TPIA, it’s extremely cost effective and you can set-up an account for your client without the need for any client signatures.
Here are the costs for the TPIA:
| Accout value | TPIA |
| £0 – £150k | 0.150% |
| £150k – £500k | 0.125% |
| £500k – £1m | 0.100% |
| £1m+ | 0.100% |
Please note the TPIA costs will be charged in addition to the Option SIPP fees.
Other platform accounts are available. Contact our Customer Services team on 01204 803 500 or email [email protected] to find out more.
Individual funds
Clients can invest directly in UK regulated funds, without the need for a platform.
Execution only trading
If your client would like to use an execution only stockbroker, let us know which firm you would like to use and we will create an account for your client. If we have not used them previously we will need to complete our usual due diligence checks before proceeding.
SIPP deposit accounts
In addition to the Metro Bank or Royal Bank of Scotland transactional SIPP account, your client can hold additional deposit accounts with their Option SIPP. Contact our Customer Services team on 01204 803 500 or email us to find out more.
All investments that are available through the Option SIPP are also available through the Full SIPP. Clients that have a Full SIPP can also invest in property and certain non-standard assets, albeit subject to our due diligence requirements being met.
The asset classes that we allow are listed below; please contact us if you are in any doubt whether your investment choice is allowable.
The following are examples of properties that we will consider in the Full SIPP:
The following non-standard investments are allowable on an advised basis (other than fixed-term bank accounts). We will perform additional due diligence on these investments before we will allow them in the Full SIPP.
While we aim to offer the widest range of investment opportunities possible, some assets cannot be held in our self-invested pensions. Including:
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