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Third Party SIPP & QROPS Providers

VERSATILE, COMPREHENSIVE, COST EFFECTIVE

There might be reasons as to why the Invinitive SIPP is not the right SIPP for you, such instances might be if you have more complex requirements such as holding commercial property in your SIPP or you need to transfer a Defined Benefit pension, or may wish to transfer your pension overseas to that of a QROPS, ROPS or QNUPS (for example).

In these instances you would have to utilse the services of another pension provider.  Many of these types of providers are Pension specific Trustee firms who offer their clients the SIPP/QROPS pension structure (wrapper) but do not themselves offer any investment function.  This function may then need to be outsourced.

Invinitive can offer clients; in that situation, the ability to utilise our General Investment Account (GIA), which can sit within their SIPP/QROPS structure thus allowing clients and advisers to invest their pension proceeds in a huge array of financial products such as stocks, funds and bonds.

 

  • A low cost, direct to market option for clients utilising a pension structure that has no built in investment feature.
  • The platform acts as a supermarket for all things financial, allowing you to buy stocks, bonds, funds and hold Forex.
  • The account is held within the pension trust and owned by the pension trustees but you/your adviser will have the ability to trade when needed.

Because SIPPs require a more hands-on approach than standard pensions, you’ll need to keep an eye on its performance and make ongoing investment decisions. This can usually be done online on our comprehensive client portal.

Our Services

Terms & Conditions 
Key Features
Costs and Charges

Click here to view our policies and disclaimers prior to opening any type of account with us.

Need Help ?

Please feel free to contact us. You can submit a ticket, try live chat or just call us right now, either way we will get back to you immediately.

+44 (0) 800 048 8485
info@invinitive.co.uk

Apply for an Account

If you have a preferred SIPP provider due to the complex nature of your requirements or if you plan on using a QROPS (Qualified Recognised Overseas Pension Scheme) for your pension transfer, your provider can utilise the Invinitive Platform via a General Investment Account as the investment vehicle needed for you to obtain market access. 

Low Cost

Our super low cost fees are 0.25% on all assets we hold, capped at £400 p.a.  Therefore your annual policy fees will not exceed £400.

Asset Range

Access to an array of global markets covering a vast range of Equities, Exchange Traded Funds, and Mutual Funds / Investment Trusts.

Foreign Currency

Your account will let you exchange almost any currency pair, allowing you to invest in foreign currency assets.

Trading

Live Pricing with immediate market access at a fixed cost of £7.95 per transaction, including FX.

Simplicity

Whether an active or a buy and hold trader, our platform has been designed for both professionals and novices.

Automated

No paperwork, no scanning and uploading, fully automated for an enhanced client experience.

Our Super Simple Fees

AUM

0.25%

capped at £400 per annum

Trading

£7.95

fixed for all online trades & fx

What is a Third Party SIPP/QROPS?

As mentioned above, the Invinitive SIPP might not always be the best SIPP for your and your circumstances.

SIPPs can come in all shapes and sizes and can accommodate simple aspects like amalgamation and market access right up to complex situations such as holding and owning direct commercial property.

The Invinitive SIPP cannot be utilised when the proceeds of a pension transfer come from that of a defined benefit pension.  The current stance on defined benefit pensions along with the current culture mean that there are only a small handful of pension providers that now have an appetite for that type of business.  Therefore anyone transferring a Defined Benefit pension will also need to utilise another “third party” provider.

Why do i need a GIA for a third party pension?

The answer is that you don’t.

However once your other pension has transferred and is sitting with your new pension provider how will you invest the proceeds?

Ultimately there are three paths to market access.  

  1. The first is to utilise the services of a DFM (discretionary fund manager).  A specialised investment manager who runs a specific mandate, investing in a wide range of positions depending on their overall strategy.  The manager of the DFM will charge you a cost for this and you would transfer your pension holdings directly to their account.
  2. You can buy some mutual funds directly.  The minimum investment price for many mutual funds is in the tens of thousands of pounds (even £100k in many instances), you may therefore be limited to what you can buy based on what amount of cash you have in your pension.  The downside to this is that you might be all in on one positions which could mean that you are not properly diversified and could open yourself up to additional investment risk.
  3. You utilise an investment account offered by a platform provider such as Invinitive.  Instead of just buying one mutual fund you can join our collective buying power and buy multiple positions with no minimums.  When you are unhappy with a position you can sell it and your cash is available immediately (depending on the position) and you can buy something else.

What is a GIA?

A GIA, or General Investment Account, is standard brokerage account that allows you to access the market and invest in a large array of positions such as funds, shares, bonds, investment trusts and exchange traded funds (ETFs).

Given the GIA will be owned by the pension trustees there are some restrictions compared to that of a normal GIA account that can be taken out and held in your name.  These are;

  • The assets inside the ‘Pension owned GIA’ would not be subject to tax unlike that of a standard GIA owned by you.
  • There is a limitation as to what you buy using the Pension owned GIA as many pension institutions have stipulations about what you can and can’t hold.  This is put in place to protect you from erroneous and risky funds (like property funds for example that; when under duress, need to sell a building to get you your money back).
  • You cannot withdraw your funds at your leisure.  The Pension who owns the GIA need to enforce pension rules, meaning no withdrawals until you reach 55 years old.

How to Access your Pension Benefits

As the GIA is owned and operated by the Pension provider, all administrative requests would need to go through them, this includes getting access to your money.

 

You can easily open and start contributing to a General Investment Account under your Third Party Pension provider today.

Please liaise with your financial adviser on opening a third party Trust Account first or alternatively speak to your pension provider to make sure we have teamed up with them.  If we haven’t please reach out to us and we will arrange to connect with them.

Start Now

 

The value of your investments and the income from them can go down as well as up, you may get back less than you invest.  Tax treatment depends on individual circumstances and all tax rules may change in the future.  None of the above information should be construed as a personal recommendation or advice.  If you are unsure about the suitability of an investment or pension product you should speak to an authorised independent financial adviser.

Ready to get Started?

Open a new SIPP

Open your account through our automated application process and then fund your account with as much as you wish to deploy or set up a Direct Debit to pay one off or regular premiums.

Open Account
Transfer an Existing Account

If you have an account with another provider you can transfer it to us. Open an account with us then provide us with the details of your existing accounts and we will take care of it from there.

Open & Transfer Account
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