Individual Personal Pensions (continued) Option to
For the purposes of the following table, it has been agreed by the providers that premium reductions and PUPs are permitted. Min/Max
COMPANY 0117 975 2355
Scottish Widows 0131 655 6000
The Retirement Account (UL)
No min/ £200 £50† 99 (99)
£2.4K £600† £10K £2K Name Plan
Sanlam Investments OneSIPP (UL) & Pensions
Age nb Monthly (single)
No min/ £100 No No max min
Initial Addn’l Initial Addn’l £1K No
min
Gross Minimum Contributions Yearly
Initial Addn’l £1K £1K
Single
Yes NAE/ Yes Fixed up to 10%
Yes AWEI/ Yes RPI/Fixed
increase Premium WOP premium holiday
No
company c Yes
Penalty-free t same
a Y
† Minimum contributions: £25K for self-investment facility. Annual admin: The minimum annual charge is reduced from £480 to £192 where no self investme £215, insurance administration £160 p.a. initial VAT registration £160, annual property charge without managing agent £160 per quarter, with managing agen
No † Yes Y
† Contributions: Can accept if a transfer or single payment of £10K is paid at the same time. † Waiver of Premium: Available via separate contract. † Annual charges: £750K up to £1m - 0.2%, £1m up to £2m - 0.15%, £2m+ 0.1%. Annual management charge: Fund management charge applies in addition.
Skandia Investment Collective Retirement 1/84 £99 No Account (UL)
Solutions 023 8033 4411 Skandia 023 8033 4411
Standard Life 0845 606 0100
Personal Pension - Single Price (UL)
Pension (UL)
1/73 (73)
£100 £5 £3.6K No min £1K min £3.6K No min
† Penalty-free transfer same and another company: unless there is any outstanding initial phased charge which can only apply to contracts taken out prior to 31.12.12 £100 pa taken monthly (£8.33 pm). Fund AMC ranges from 0.22% to 4.06% pa.
£50 £2.5K† £500 £1.5K† No £1K £1K
Yes, greater Yes of 10%/RPI
Yes NAE/ Yes 75 (75) min min
Fixed rate up to 10%
† Minimum premium for business submitted online is £100 pm (gross), £1K pa (gross) and £1K for single payments and transfers. Contributions: For plans va to some funds. Loyalty bonus: AMC is reduced by the following percentages: £25K - £249,999 - 0.3%, £250K - 0.4%, and £500K - 0.5%.
The Co-operative Investments
0845 746 4646 CIS Individual
Personal Pension (UL & UWP)
No min/ £75 £20 - 73 (73)
- £5K £1K
Yes RPI/ Yes Fixed rate 1% - 10%
Yes Yes Y No Yes † Yes Yes Y
† Minimum single premium: £2.5K but £5K for transfers. Annual charge: 0.75% if fund value is less than £50K, 0.25% if fund value is £50K or more. Fund managem Active Money Personal No min/ £150† No
Y Yes AEI Yes No Yes † Y
Wesleyan Assurance Personal Pension 0121 200 3003
Platform (UL)
Plan (UL & UWP)
17/75 £150 £50 £1.8K £600 £5K £1K (75)
Zurich Intermediary Retirement Account 18/ Nil† No max
0500 546 546
† Minimum contributions: There is no minimum investment on the platform, but it is not appropriate for those solely investing less than £10K or £150 taken quarterly.
Nil† Nil† Nil† Nil†
Yes AWE Yes Yes Yes
No No
Yes † Yes
Y
† Initial/annual charges: Annual management charge range 1% - 2% (excluding ongoing advice charge), 1.5% - 2.5% (including ongoing advice charge). Pena Nil†
Y
Individual Stakeholder Pensions The following pensions are Stakeholder registered. The criteria are: 100% allocation rate, £20 per month regular premium contribution and a 1.5% managem
COMPANY AEGON 0131 339 9191 Plan Name
Min/Max Age nb
AEGON Stakeholder 1/75 Pension (UL & UWP) (1/75)
(single prem) Monthly Yearly £20/
£20/ minimum contributions Initial/add’l
Single allowed increase holiday PUP £20/
reduction automatic Yes No min No min No min
Yes AWE/ Fixed
1% - 10% Yes Yes P r e m i u m s
Initial/ annual
charges bo Nil/
Lo N 0.55% -
1.5% (Reducing to 1% after 10 years)
† Max no. of funds: 10 for regular premiums, 4 for single premiums. † = Note. Immediate Vesting: Vesting is not encouraged in the first 12 months. Surrender penalty
nil/reduced commission terms: Scottish Equitable (Managed Funds) 50/50 Cautious Managed Collection, 60/40 Cautious Managed Collection, 70/30 Defensiv r = regular plan. s = single plan. AMC (amc) = Annual management charge. UL = Unit linked. PPP = Personal Pension Plan. UWP = Unitised with profits. RPI = Retail Prices Index. WOP =
56
March 2015
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