Self-Invested Personal Pension (SIPP)

Similar in many respects to a SSAS, a SIPP is a personal pension arrangement with no sponsoring employer. A SIPP can offer much the same flexibility as a SSAS but great care needs to be taken when choosing a provider. Not all SIPPs offer the same features, with different providers producing different variations to suit their particular business model. This model may or may not be suitable for your clients needs.

Many larger providers seek to simplify their self-invested service by precluding investments in some of the more complicated or esoteric asset classes, such as commercial property, unlisted shares or certain “structured” products.

Such companies use their economies of scale to produce systems and procedures aimed at efficiently processing high volume standardised transactions. This is fine for advisers with clients simply seeking access to a large and diverse collection of funds available on the various “platforms” but if the client is likely to require a more diverse range of non-standard investments, providers offering a more “bespoke” product are more appropriate.

The Organon SIPP has been specifically designed as a low-cost bespoke SIPP allowing the full range of permitted investments under current legislation and several other features not offered by most other, even bespoke providers.

At the same time we have removed many of the additional fees and conditions imposed by most bespoke providers to deliver an extremely flexible and cost effective pensions vehicle.

Key benefits for the Organon SIPP include the following:

Access to the full range of allowable investments – no restriction on the investments that may be held other than those imposed by legislation
No transaction charges on sale and purchases of standard investments
No annual property management charges
No requirement to use linked service providers (for example: solicitors, surveyors, property insurers etc)
All monies received for Organon SIPP members are credited directly to the member’s Scheme Bank Account and the member receives the full rate of interest paid by Butterfield Private Bank or Cater Allen Private bank
The Organon SIPP allows Protected Rights
Organon are able to offer the option of a “Scheme Pension”, which may be attractive for members approaching age 75
Independence – Organon does not provide financial advice to individuals and remains strongly independent in its dealing with all parties