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Suffolk Life MasterSIPP

Overview

The Suffolk Life MasterSIPP available via Cofunds is a full, bespoke SIPP that provides the facility to invest in the full range of collectives available on the platform as well as property, equities and a range of other specialist investments.

Key Facts - With The MasterSIPP You Can:

Invest in a broad range of assets, without restricting choice to a particular panel or broker
Work with the discretionary manager of your client's choice
Access commercial property with pensions expertise
Invest non-protected (NPR) and protected rights (PR)
Transfer-in funds, as well as make single and regular contributions
Hold a wide range of retirement options, with both Capped and Flexible Drawdown available
Pool protected and non-protected rights.

Dealing Through Cofunds

The Suffolk Life MasterSIPP offers all the platform based functionality you would expect from Cofunds:

Deals for Cofunds collectives are placed online directly via the Cofunds secure website
You can seamlessly click through from Suffolk Life to the Cofunds website or vice versa
You can view all client holdings held on the Cofunds platform under your Cofunds log-in
You can request the movement of cash online between Suffolk Life and Cofunds
Both initial and trail commission on Cofunds collectives are available (platform based remuneration can also be applied)
An automated regular withdrawal facility is available which can support disinvestment where pension income is being paid.

About Suffolk Life

Suffolk Life has specialised in Self Invested Personal Pensions (SIPPs) for over a decade writing their first SIPP in 1996. Operating at the bespoke end of the market, they are renowned for their property expertise and award winning, quality service. By means of bespoke IT systems and highly trained staff, their focus on supporting advisers is delivered at a consistently high standard.

Suffolk Life has established over 18,500 self-invested plans
It holds a diverse array of assets under administration exceeding £4 billion
It owns in excess of 2,100 commercial properties on behalf of over 3,500 plan holders
It has been assessed by 'Investor in Customers' as 2 star - (outstanding) in 2006, 2008 and 2010.

Browse all literature on the Suffolk Life MasterSIPP.

Features

Investment options available: The full range of collective investments available on the Cofunds platform plus direct equity, commercial property and other self investment options
Pre-fund tax relief: No
Protected rights: Yes
Drawdown to drawdown: Yes
Minimum transfer value & single premium: None
Minimum regular contribution: None
Flexible drawdown: Yes

Charges

Charges^†		Rates
Establishment fee		£300 (via Cofunds)
Annual fee		£490
Contributions	as part of establishing your SIPP	Nil
Contributions	subsequent single contributions and variations to regular contributions (paid in Sterling)	£25
Transfers in - per transfer payment per plan	in cash	£75 (max £300)
	in cash where your adviser fulfils our requirements	Nil
	in specie (per pension entitlement transferred	Min £100
Drawdown	crystallisation event - establishment of each drawdown	£155
	annual income facility fee - where income is taken (per sub-plan)	£155
	income limit review	£155
Additional valuation	one valuation (annual statement) included in annual fee. To prepare additional reconciled valuation to the same standard - time cost	Min £100
Additional valuation	preparation and sending ad hoc unreconciled statement of assets and liabilities	Nil

† All charges are subject to VAT

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Cofunds Limited is authorised and regulated by the Financial Services Authority FSA Registration No 194734.

* Calls may be recorded for training and quality purposes.