We have automated 98% of Invinitive.  

The 2% that is left is automated as far as possible, but owing to FCA rules some of our process have to be processed manually.  Where we do anything manually we do it at lightning speed.

Our Service Level Agreements on manual process are as follows:

• PCLS will be paid within 24 hours of receiving the request (subject to Money Helper requirements, where applicable)
• Adhoc based Flexi Access Payments will be made within 48 hours
• Transfer Out’s to another provider will take no more than 1 week (subject to Money Helper requirements, where applicable)
• We aim to answer all emails the same day but no longer than 24 hours

Costs of running a pension do not need to be extortionate.  Many of the providers in this space have a lot of additional fees that we chose not to utilise when building Invinitive.

Invinitive is not fragmented and because we are not fragmented our fees tend to be lower.

We are low cost

Our simple and transparent fees are as follows:

• £150 per annum for the SIPP
  • This is taken on the 1st January in full.  If a member joins mid year their fee is pro-rated.
  • This fee is only applicable if your client has more than £50,000.  If their total value is below £50,000 the the Invinitive SIPP is FREE

• We charge 0.25% on Assets held on our platform
  • We cap this fee at £400 per annum.  If your client has more than £160,000 then they pay no more than £400 per annum

• Trading is £7.95.  That’s it!
  • No hidden commissions, third party commissions, custody costs etc.  Super Simple!
  • This is for all Equities, all ETFs, all Mutual Funds and FX regardless of the size of the position.

• Absolutely ZERO benefit access costs.
  • We will never charge your client to work out 25% of their pension and therefore we have no BCE access costs, no Adhoc payment charges or Monthly benefit payout costs.
  • All we charge is £4.95 for a transfer fee to a UK bank and £25 for an international transfer.

We all know the biggest ticket clients have Defined Benefit pensions and as we all know there are only a handful of providers that will now take Defined Benefits especially given the vast majority of APTA reports are negative.

Unfortunately we do not take DB transfers

It’s not that we don’t want to, we just can’t.  

Given the current state of affairs in the UK around DB claims, the only realistic way of accepting Defined Benefit transfers is when you have PI cover in place to aid you when a claim occurs, especially in the wake of the appeal outcome from the Adams v Options case.  There is no Insurance companies in the UK that will underwrite a PI policy for a new firm.  They are however happy to renew existing policies.

As an adviser it is worthwhile considering the costs of running your fragmented SIPP combination versus paying the transfer out fee and the fees payable at Invinitive, especially if you have a client with a larger fund value or a client with a smaller fund value where the costs of running a fragmented SIPP would see them paying north of 1% for their pension without advisory costs.  We have all the comparison calculators at our disposal if you ever wish to discuss pricing comparisons.

Many advisors offer the clients the choice of Discretionary and Non Discretionary mandates and some are dictated by their regulatory licenses.

We can help with both.

This is client specific and not a default (one or other).

If you offer a Discretionary mandate for your clients you have the ability to trade for your clients directly and this feature will be switched off for your client.

If you offer a Non Discretionary mandate for your clients you have the ability to initiate a trade which is then sent through to your client to “approve”.  Once approved it is then sent to the market to be executed.

• If you are an individual “one man band” firm, then you can onboard immediately.

• If you work for a firm, you will need to get your compliance team or sales director to onboard as a firm and then they can add you and your colleagues under their Master Account once opened

• If you are the company owner or a director of the firm then you can start the process immediately.  Once your account is opened you can add as many Advisors and Administration staff as you need to.

• If you are part of a network, then please ask the Network to reach out to us or provide us with their details and we will arrange to do terms of business and vice versa.

To onboard please visit – Invinitive

Please note that ALL Firms must be regulated / licensed to conduct this activity.

Advisors must be qualified to provide pension advice or investment advice.  That qualification doesn’t necessary need to be Level 4, it could be the IMC, the FAIQ, the Series 65 etc etc.  We will review each application individually.  If you are acting in an advisory capacity at present, but are not qualified then you would only be able to have administrative access with Invinitive. 

We ultimately want to avoid having people advising clients on pension transfers with no prior experience of doing so or any financial background.