April is nearly upon us and it’s time to let you know what changes we’re making to our Services and Fees from 1st April 2020.
Firstly, we have applied a modest annual increase of 2% for schemes renewing after 1st April 2020. The 2% will be applied to the annual fee paid at the previous renewal date.
This really is a modest increase and likely to fall short of the fee increases imposed by other SIPP Providers. We do not apply these increases without consideration and it’s only due to the ongoing onerous nature of regulation and our healthy expansion that we need to apply one at all.
Finally, a £2 fee will be automatically collected from your SIPP bank account each month (a total of £24 per annum) by our new banking partner, Arbuthnot Latham.
If you have any questions or need more information about these changes, please get in touch, we’re here to help.