Transferring; It's as easy as 1..2..3..
Open Your SIPP
Opening a SIPP with us couldn’t be any easier. It is all automated and online and will take around 10 minutes. Ask your adviser to send you a link.
Initiate the transfer
Your advisor will request a set of transfer out forms from your current pension provider, fill them out, sign them and then upload them into your account and we fill in the “receiving scheme” section and get everything sent off.
Start Investing
You will be notified every step of the way and when your pension(s) transfer, you can build a fully tailored portfolio from a large array of assets including UK, US and EU Equities, ETFs and Mutual Funds. Your SIPP can even hold currency.
Benefits of the Invinitive SIPP
LARGE ASSET RANGE
It’s perhaps good to point out that we do not offer pathway investments, so if you were looking to select from a range of pre-built risk rated pension funds you will need to seek assistance from an Adviser or look to utilise a different pension product that can provide these.
When it comes to the investing part of your pension, we offer a large range of permitted investments which will allow you or your adviser to create a truly diversified and tailored portfolio and manage it in real time. Asset range includes:
- UK, European and US Equities
- Exchange Traded Funds
- Mutual Funds, UCITS and Investment Trusts
- Foreign Currency (GBP / USD / EUR)
AUTOMATED ONBOARDING
Utilizing some of the most sophisticated 21st century software programs available today, we have streamlined and enhanced our onboarding process to provide our customers with a seamless, fluid experience that is a breath of fresh air, especially for the financial services industry.
No more:
– Printing Applications
– Filling Applications
– Signing Applications
– Scanning Applications
– or using PDF Editors
All of which saves paper, ink, and most importantly… time.
INVINITIVE WAS DESIGNED WITH CLIENTS AND ADVISERS IN MIND TO BE SIMPLE AND EASY BUT PACKED WITH DATA AND FEATURES.
*SPEEDY PAYMENTS
Notwithstanding the FCAs new protocol on pension payments through additional checks and advice calls with Money Helper for certain payments. Outside of this our aim is to process and pay out Pension benefits on the same day you request them (within reason of course).
Gone are the days when you needed to manually sign paper withdrawal forms, filling in repetitive information over and over, Invinitive uses the latest technology provided by Truelayer and the Open Banking platform.
This allows our clients to make seamless withdrawals out of their accounts fairly instantaneously especially if you still have a UK bank account.
FULLY AUTOMATED
The Invinitive platform has been designed from the ground up to include all of the latest technology in this space, minimising paperwork, form filling and scanning.
COMPLETELY LIVE
What you trade is what you get. From data and pricing to fundamentals our system provides 15m delayed data and live quotes for trading. No more delays in trading.
Faster payments
Outside of any FCA legislation that requires a “money helper call” all of our payments are processed at lightning speed. No more waiting for weeks!
Costs of the Invinitive SIPP
As you will see from reading everything above, we like to keep things simple. Our Fees, Costs and Charges are no different. For most SIPPs there are usually two fee components, the trust itself and the platform that you invest through. On top of this there are sundry charges for things like trading, FX, Bank Transfers etc which we have listed below in summary. A more detailed list of potential costs and charges can be found on our disclaimers page.
SIPP cost
£150
Only applicable on accounts above £50,000. Under £50,000 it’s free.
Platform
0.25%
This fee is capped at £400 per annum regardless of pension size.
Trading
£7.95
This fee is for each Buy & Sell trade regardless of size including FX.
Benefits
FREE
No PCLS (tax free cash) Calculation Costs, or Benefit Crystallisation Costs.
BACS/CHAPS
£5/£25
BACS/FP cost £4.95 and any overseas/CHAPS cost £25 per transaction.