News article
Rowanmoor Pensions reduces fees on SIPP and Family Pension Trust product ranges
28 May 2010
Rowanmoor Pensions has announced a six month special offer to celebrate the first anniversary of its SIPP launch. Transfer-in fees will be waived on all pension benefits transferred to a Rowanmoor Pensions SIPP from 1 June until 30 November 2010.
In addition, Family Pension Trust fees will be reduced and protected rights fees for both the Family Pension Trust and SIPP have been removed.
Details of the fee reductions which take effect from 1 June 2010 are as follows:
- Family Pension Trust set-up fees are being reduced to £325 per member (subject to a maximum of £2000 for up to 12 scheme members); the 'per scheme' fee is being removed.
- Removal of protected rights fees for SIPP and Family Pension Trust (previously £200).
- Special Offer: Fees are being waived on pension benefits transferred to a Rowanmoor Pensions SIPP for a six month period (1 June - 30 November 2010).
Ian Hammond, Managing Director at Rowanmoor Pensions said:
"We were the first to market with the Rowanmoor Family Pension Trust in October 2006 and demand for this innovative product has grown from strength to strength over the years. We have continued to review our offering to ensure it remains the very best in the market and these changes to the fee structure will make the product even more competitive to clients.
"In comparison our SIPP offering is still fairly new having launched only 12 months ago but has been extremely well received.
"Advisers have told us that they are particularly impressed with the level of service provided and the ease with which they can access client records on SIPPView, our secure online service for SIPP clients and their advisers.
"We hope that advisers and clients alike will benefit from our fee changes and anniversary offer of waiving fees on all benefits transferred to a Rowanmoor Pensions SIPP."
For further information on Rowanmoor Pensions please visit the website at http://www.rowanmoor.co.uk
- Ends -
For further information, please contact:
Rowanmoor Pensions
Robert Graves
Head of Technical Services, Rowanmoor Pensions
08445 440 716
robert.graves@rowanmoor.co.uk
Anna Hopkinson
Marketing Manager, Rowanmoor Pensions
08445 440 667
anna.hopkinson@rowanmoor.co.uk
Polhill Communications
Jenette Greenwood/Vanessa Chance/Paula Nugent
020 7655 0520
rowanmoor@polhill.com
Polhill Communications
About Rowanmoor Pensions
Rowanmoor Pensions SIPP features:
- personal, portfolio based, administration service;
- expert support from technical and sales consultancy teams;
- extensive flexibility and choice at retirement, including scheme pension;
- widest investment opportunities available in the SIPP market;
- integrated links to a proven IFA investment platform;
- streamlined process for settling adviser fees.
The Rowanmoor Pensions SIPP offers the following investment options:
Commercial Property (including overseas)
Land
Loans to unconnected third parties
Unquoted shares
Equities quoted on the London Stock Exchange
Equities quoted on recognised worldwide stock exchange
Gilts, Bonds and Fixed Interest Stocks
Investment Trusts
Unit Trust and Open Ended Investment Companies
Insured pension funds
Bank and Building Society deposits
Offshore managed funds
Futures and Options
Copyrights
Gold Bullion
Any of the above will be permitted provided:
- it does not give rise to an unauthorised payment charge;
- we can obtain satisfactory title to the asset;
- ownership of the asset will not give rise to an unacceptable liability or risk, for example a legal, practical or environmental risk.
- Rowanmoor Pensions was awarded best SSAS provider in the 2006, 2007 and 2008 Pensions Management Technology Administration and Service Awards.
- Rowanmoor Pensions was awarded best SSAS provider in the 2008 and 2009 Moneyfacts Investment, Life and Pensions Awards.
- The Rowanmoor Pensions website is www.rowanmoor.co.uk
- Rowanmoor Pensions provides business financial planning, actuarial and pension advisory services to IFAs, accountants and their clients.
- Rowanmoor Pensions currently employs over 200 people and administers around 4,200 schemes.
- Rowanmoor Pensions is a trading name of Rowanmoor Group plc (No. 5792242).
- Rowanmoor Personal Pensions Limited, a subsidiary of Rowanmoor Group plc is the scheme Administrator and scheme operator for schemes established under a Rowanmoor Pensions Family Pension Trust and the Rowanmoor Pensions SIPP and is authorised and regulated by the Financial Services Authority (Register number 458260).