Services & Products

Self-Invested Personal Pensions (SIPPs)

A pension can be one of the most cost-effective and tax efficient ways of saving. But conventional personal pension plans from product providers have several major disadvantages – costs, lack of control and no individuality.

Charteris investment managers are skilled and experienced in managing SIPPs for those clients who seek the independence of a SIPP but do not wish to manage it on a daily basis. (The SIPP and any investments within it must be in accordance with current legislation).

With a SIPP the funds are not pooled, but are ring-fenced for the client in an individual account under the umbrella of an external trust company with its own individual bank account. In addition the charging structure is transparent. The SIPP can be run like an Individual Savings Account (ISA).

The client can invest funds as they think fit, leave them in cash, buy equities or unit trusts. SIPPs can be invested in a much broader mix of products and can avoid any investments which conflict with the client’s ethical requirements. As a result, charges may be correspondingly higher for a SIPP and commitment to and risks of the product may be higher than for a conventional pension plan from a product provider.

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