View more on these topics

Hartley-sas moves into Sipps

Hartley-sas, which specialises in self-administered pensions, has brought out a self-invested personal pension (Sipp) that will draw on the trustee banking experience of Cater Allen Bank.

The Sipp allows investment in any asset permitted under the Inland Revenue rules. This includes individual stocks, unit trusts, Oeics and investment trusts. A loan facility is available for clients who want to include commercial property in their Sipp. There is a charge of £390 for property purchse.

For online applications, there is no initial charge but other applications incur an initial charge of £250. An annual management charge of £750 will apply in all cases.

Winterthur Life has recently unveiled its universal Sipp, which has no initial charges and a lower annual management charge compared to Hartley-sas at between £375 and £475. It allows investment in any assets permitted by Inland Revenue rules, but also specifies a range of 41 funds from 17 fund managers. However, it does not offer a loan facility to help with this, unlike Hartley-sas, but Hartley-sas is consequently more expensive.

Investment in commercial property can be an important factor for Sipp investors because it allows clients to use their Sipp money to use their pension fund for a business purpose. For example, a group of dentists with Sipps could pool their Sipp money to buy their practice building and a loan could be useful if their pooled resources were not enough.

The Hartley-sas Sipp is targeted at the higher end of the Sipp market, for people with larger amounts to invest who want to retain control of their pension. The annual management charges are fairly steep, which makes the product unlikely to attract those with smaller sums.

Recommended

LibDems in pledge to boost Isas and scrap stakeholder

The savings limits on Isas could be increased and stakeholder replaced by a Liberal Democrat Government, the party said this week as part of its alternative Budget.It would replace stakeholder with its own proposal, the owned second pension account, a compulsory scheme invested privately which it hopes would increase the money saved in pensions.The LibDems […]

Baronworth takes combi approach to with-profits

Baronworth Investment Services has unveiled series five of its combination investment, which splits investors&#39 capital equally between a guaranteed income bond and a with-profits bond.Half of the investment will go into Countrywide Assured&#39s two-year guaranteed income bond. This offers a return of 6 per cent a year, but investors who prefer monthly income will get […]

Tep guide coincides with Budget planning

The Budget is an occasion which many people use to reassess their investments and provides an opportunity for IFAs to raise the benefits of investing in traded endowment policies with their clients, claims Policy Portfolio.With Chancellor Gordon Brown making his Budget speech next week, the Tep specialist is offering a free guide to IFAs considering […]

Pioneer FS enhances income protection contract

Pioneer Friendly Society has announced it is enhancing the flexibility of its income protection range by allowing policyholders to choose a retirement age anytime between 50 and 65.Previously, the friendly society only offered a contract until the age of 60. The change means those who want a policy running until the age of 60 will […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com