SIPP Options

The SIPP options are available under the Pru Flexible Retirement Plan and can be accessed through both the personal pension and income drawdown plans. It offers the following benefits for you and your clients:

• Full SIPP option
  An extensive range of investment options with the ability to invest directly into commercial property, DAMS, stocks, shares, unit trusts, OEICs and the Cofunds fund range.
• FundSIPP option
  Lower cost option for clients who only want access to funds from the Cofund range (subject to investing in a maximum of 20 funds)

Depending on which of our two SIPP options you select, we offer the following client benefits:

• Access to an extensive range of investment options including commercial property
• Access to an extensive range of investment funds via the Cofunds fund supermarket, including special terms with a number of well-known fund managers. Find out more
• Low-cost execution only share dealing service through Stocktrade
• Ability to appoint an investment manager or stockbroker
• Immediate basic rate tax relief on contributions
• Outstanding SIPP administration provided by Suffolk Life including detailed annual reporting of SIPP assets and transactions
• Possibility to pay adviser fees from within the SIPP (with client approval)
• Protected Rights funds can be used to increase a client's borrowing power for commercial property purchase. Clients can borrow an amount up to 50% of the net value of their FRP, including Protected Rights. Please note we cannot currently accept Protected Rights funds into our SIPP
• The SIPP options can be switched on or off at any time - we just adjust the fees accordingly

Additional Adviser benefits:

• Online transactional capabilities to allow you to manage your client's SIPP efficiently and make transactions as quickly as possible.
• Online SIPP demo to demonstrate how the online transactional capability works. View demo
• Experience and strong brand of Suffolk Life for SIPPs