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Signatureless process for the Trustee Investment Plan (TIP)
SIPP Providers and Trustees can have access to our 'signatureless' process for the following TIP requests:
The use of a signatureless process removes the need for you to obtain a ‘wet’ signature from trustees. Nevertheless, if your internal process requires a signature then you should continue to follow this process.
This process will be reviewed regularly and may change in the future.
However, we'll only accept submissions of signatureless requests from the scheme trustee/administrator.
Available methods for submitting requests:
TIP Open to New Business
Trustee Investment Plan (Series A)
How the new process will work
The table below sets out the process and any relevant further information for each type of application. Applications need not be signed but please sign if your internal processes require.
Service Request | PruAdviser Download Form | Request Via Letterheaded Paper |
---|---|---|
New Business Application | Yes | No |
Withdrawal of Units | Yes | Yes |
Adviser Charge Alteration (changes to OAC% only) | Yes | Yes |
Fund Switch | Yes | Yes |
Monetary Withdrawal | Yes | Yes |
Change to Regular Income | No | Yes |
Cancellation | Available on request | Yes |
Authorised Person for Submission of Signatureless | Scheme Trustee/Administrator | Scheme Trustee/Administrator |
Submission |
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If you’ve completed a paper application, this along with any other requirements should also be emailed to us in the same way.
Confirmation of bank account details can be found here:
HSBC BANK
BACS/TT transfers:
Bank name and address: HSBC, 8 Canada Square, London E14 5XL
Bank sort code: 40-02-50
Bank account number: 41425587
Bank account name: PACL General Receipts Account
Quote the client name/Scheme name or our plan number if known as reference when sending the funds
Also the funds must be sent from the trustees’ bank account NOT from a personal account or the sponsoring employer’s account.
If you do have any further questions, please call us on 0808 100 3429 - we’re happy to help. From abroad you can phone us on (+) 44 1786 448844. We’re open 9.00am to 5.00pm Monday to Friday (apart from bank holidays).
Alternatively email us at fris.team@prudential.co.uk