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Setting up an Option SIPP

Establishing an Option SIPP involves two simple steps:

  1. Complete an online application form via our Adviser Portal; and
  2. Send a signed online activation form via email or post to Embark Pensions at the address below.

Depending on the client’s situation, you may need to complete some additional forms. The links below will direct you to the right ones.
If you have any questions, please get in touch.

MAKING CONTRIBUTIONS

In order to set up a standing order, your client will have to contact their bank directly. Embark Pensions will not set up standing orders. Most banks will allow you to do this online. Please complete a contribution capture form for each contribution.

Please complete the Option SIPP direct debit form. There is a charge of £10 per annum plus VAT for using the direct debit facility.
Download the form here ›

Please complete a contribution capture form for each contribution.

Please ensure any cheques are correctly referenced with the product and client name, then send them to:

Embark Pensions
Dunscar House
Deakins Business Park
Egerton
BL7 9RP

Please complete a contribution capture form for each contribution.

Once the Option SIPP has been set up, both you and the client will receive a welcome letter with the SIPP bank account details. Once you have these to hand, you will be able to make the payment via bank transfer. Please complete a contribution capture form for each contribution.

TRANSFERRING IN

Please complete a Transfer Authority form for each transfer. We will require a separate form for each policy.
Download the form here ›

You will have to request transfer forms from the transferring scheme. These will need to be fully completed, signed and originals sent to the address below. For any defined benefit and final salary transfers, also complete our confirmation of advice form.
Download the form here ›

Embark Pensions
Dunscar House
Deakins Business Park
Egerton
BL7 9RP

For each Origo approved scheme, please complete a Transfer Authority form for each transfer. We require a separate form for each policy. Download the form here ›

TAKING BENEFITS

Please complete our Retirement Options form for drawdown.
Download the form here ›

Please complete the Retirement Options forms for an Uncrystallised Funds Pension Lump Sum (UFPLS). Download the form here ›

Questions you’re likely to ask

A selection of most frequently asked questions.

 

Can’t find what you’re looking for? Please contact us or telephone 01204 803 500.

We aim to process transfers within 2 working days of the receipt of all required documentation.

Origo transfers usually take around 10 working days to complete, not including the initial 48 hour set up period.

Non-Origo transfers take slightly longer. Our transfer chasing team chase the transferring company every 2 weeks to ensure the transfer completes as soon as possible.

If you have an active agency with us, please liaise with the customer services team who will set up an account for you.  You can do this by calling the customer services team or emailing customerservices@embarkpensions.co.uk.

If you don’t have an agency with us, please complete our agent registration form. Logins will be provided once your agency is live.

Once we have all the necessary documentation and enough funds in your client’s SIPP bank account, we can make the payment within 48 hours. The money should show in your clients account straight away, as we make a same day bank transfer.

Standing order. To set up a standing order, your client will need to contact their own bank directly. We do not set up standing orders. Most banks allow customers to do this online.

Direct Debit. Please complete our direct debit form. There is a charge of £10 p.a. plus VAT for using the direct debit facility.

Cheque. All cheques must be correctly referenced to the client and sent to:

Embark Pensions
Dunscar House
Deakins Business Park
Egerton
BL7 9RP

Bank transfer. Once your client’s SIPP has been set up, both you and the client will receive a welcome letter containing the SIPP bank account details. Once you have them, you can make the payment via bank transfer.

You can inform us of a change of address by emailing customerservices@embarkpensions.co.uk and confirming the new address details. Please also send proof of the address. This can be a utility bill or council tax statement, no more than 3 months old.

Yes. You can create a badged version of our SIPP to offer your clients. This means you can focus on what you do best, while we take care of the boring pensions stuff.

To find out more, contact Matthew Rankine on 07854 765 782 or via email to matthew.rankine@embarkgroup.co.uk.