IPM SIPP Administration Limited (IPM) provides a bespoke offering for independent financial advisers who have clients wishing to establish self invested personal pensions. Based in Hertfordshire, IPM is a specialist Trustee and Administrator for our in house SIPP, the IPM Personal Pension Scheme as well as a number of schemes on behalf of investment management firms and stockbrokers.
IPM prides itself on offering a high level, bespoke service for our intermediaries as well as providing the technical back up and support often required in the arena of SIPPs. By working closely with clients and their financial advisers, IPM can help ensure that the right decisions are made at outset and that once established schemes are efficiently and actively managed so that they achieve defined objectives.
For self invested pensions, IPM offers a transparent fee structure designed with simplicity and ease in mind. We do not charge an establishment fee, nor do we charge transaction costs or levy a fee for transferring in existing arrangements. We simply charge a flat annual administration fee which is levied regardless of fund size and is payable on receipt of funds being paid to the scheme.
The provider to the IPM Personal Pension Scheme is the Bank of Scotland who provides the default account where all monies in and out of the scheme must pass through. Given the size of funds held on deposit by IPM, the Bank of Scotland has deemed it necessary to designate IPM as a branch of Bank of Scotland with our own sort code. As a branch, IPM has the ability to transfer monies in house same day, which can be crucial when it comes to making investments within a SIPP (upon receipt of written instruction). Each member has their own specific, designated account which is instant access and pays a rate of interest at 0.75% below Bank of Scotland base rate, currently 4.75% gross (correct as at February 2008). Interest on this account is accrued on a daily basis but is paid at the end of each calendar month. The interest rate is paid to all monies held on deposit as IPM does not operate a tiered interest rate approach.
We would be delighted to answer any queries you may have on the services that IPM can provide to you and your clients. Our contact details can be found on the attached literature.
IPM SIPP Administration Limited is authorised and regulated by the Financial Services Authority.
