The Heritage SIPP is the optimum pension wrapper, providing you with the power and freedom to develop your pension fund efficiently and responsibly.

Why choose the Heritage SIPP

  • Flexible, personal and professional administration service.
  • Simple and transparent fee structure.
  • First-rate processes and procedures consistent with regulatory and industry best practice.
  • Investment in service, products and technology to deliver competitive advantage.
  • Specialist technical support for property administration.
  • Allows freedom and control to invest in a wide range of investments.
  • Adequately capitalised to meet FCA requirements and deliver protection against operational risk for all clients.
  • Professional indemnity insurance for up to £2million per claim.

Our administrative role

  • Verification of application forms, including anti money laundering checks.
  • Set up of pension trust.
  • Set up of trustee bank account.
  • Appointment of Heritage Pensions as scheme administrator and Heritage Trustees as corporate trustee.
  • Regulatory reporting.
  • Annual valuation including Statutory Money Purchase Illustrations.
  • Executing allowable investment instructions.
  • Forwarding essential correspondence.
  • Banking transactions including banking cheques for contributions, dealing with bacs/chaps transfers.
  • Liaison with third party providers of assets/services.
  • Ad hoc valuations and illustrations.
  • Revisions to legal documentation as required due to any changes in legislation.

Permitted investments

The Heritage SIPP allows ‘standard’ investments as defined by the FCA. For a list of these please see INVESTMENTS. We consider the following when reviewing an investment:

  • FCA and other regulatory requirements.
  • HMRC rules – we do not allow investments that could result in unauthorised payments tax charge.
  • Security – whether full legal title can be obtained and whether regular independent valuations are available.
  • Liquidity – how quickly and easily an investment can be bought and sold. This typically requires an established secondary market and the ability to be fully liquidated within a period of 30 days.
We are not authorised to provide investment advice. We will not comment on whether an investment is suitable for a client. We recommend that specific investment advice is sought from an appropriately qualified and authorised independent financial adviser.
The Heritage SIPP was registered with HM Revenue & Customs on 24 January 2008 Pension Scheme Tax Reference (PSTR) 00704690RB