Full SIPP

We believe in transparent flat rate charges, so you’ll simply pay an establishment fee of £395 +VAT and an annual fee of £550+ VAT, which is reduced to £450+ VAT if invested in a Single Investment Account*.

*A Single Investment Account is where the SIPP only has investments provided and managed entirely through an Alliance Trust Savings Investment Dealing Account, a Fund Supermarket Account, a Stockbrokers Account or a Discretionary Fund Manager Account.

See our Schedule of Fees for full details of our fee structure.

• Allows you to invest in all HMRC permitted areas
• Allows borrowing in line with HMRC rules – currently 50% of the net value of the pension
• Trade in real time by phone or online via your Investment Dealing Account
• Customer agreed adviser remuneration paid directly from the fund
• Income can be paid via income withdrawal, with the option to obtain benefits on a phased basis (not available under the Flexible Drawdown option)

You can now trade international equities on i.nvest in your Full SIPP. You’ll need an Alliance Trust Savings Investment Dealing Account in your Full SIPP to do this. To find out how to open an Investment Dealing Account within your Full SIPP, email SIPPServicing@alliancetrust.co.uk. We will also ask you to complete a registration form. You will get further information on the registration process in our how to register and trade page.

The FSA require us in certain circumstances to ask a client (where there is no adviser or the SIPP member has not received any advice from his or her adviser in regards to a particular investment) to provide information regarding his knowledge and experience in the investment field relevant to the specific type of product or service offered or demanded so as to enable the business to assess whether the service or product envisaged is appropriate for the client.

As the SIPP provider, we must assess whether a transaction in our Full SIPP product is appropriate for the experience of the investor. Where the proposed investment is deemed to be a complex product we will require the SIPP member to complete our Appropriateness Test form. This form will provide us with the information to help us determine whether such instruments are appropriate for you.

A complex financial investment is a term used to describe investments which carry a high degree of risk generally because of the way they are structured. To determine whether the proposed investment is deemed to be complex here is a list of complex investments, this is not an exhaustive list:

• Futures,options and Contracts for Differences
• Shares in Collective Investment Schemes that are not FSA recognised
• Units in a tax exempt unauthorised unit trust
• Structured Products
• Property & Land

We will require you to complete our Appropriateness Test form each time you wish to make an investment from your Full SIPP into a product which is deemed to be complex and where you have received no advice in connection with making that investment.

However, we will not require you to complete an Appropriateness Form where you are placing additional monies into a complex investment where you have already completed an Appropriateness Form for that investment.

If you hold a third party account (i.e an account with a stockbroker or an investment manager) within your SIPP and you instruct the third party to trade in a complex investment, you do not need to complete the Appropriateness Test form. It is the responsibility of the stockbroker/investment manager to assess the appropriateness of the investment.