Charges can be made based upon a percentage of assets held within the Sipp, set fees for the various services provided as either flat, time-costed or percentage-based rates, or a combination of both.
This guide explores the various costs Sipp investors can face, how charges differ between platforms and pension providers, what fee structure suits what type of investor, plus what part charges should play when an adviser recommends a self-invested personal pension provider.
Supporting materialwas provided by: Gregory Kingston, head of marketing and proposition of Suffolk Life; Robert Graves, head of pensions technical services at Rowanmoor Group; Neil MacGillivray, head of technical support unit of James Hay; Martin Tilley, director of technical services at Dentons; and Claire Trott, head of technical support at Talbot & Muir.