In the increasingly competitive world of work, a significant number of advisers, and their clients, are looking at Corporate SIPPs (CSIPPs) to deliver significant advantages for both employer and employee. Against this background, a growing number of companies are looking at CSIPPs as a more flexible and effective addition or, in some cases, an alternative to their existing DB, DC or AVC pensions schemes.
The Pointon York SIPP is one of the most open pension frameworks that exist today, offering the most flexibility of any pension product in the marketplace. Our SIPP accepts full HMRC allowable investment choices and is backed up with direct access to our Technical support and specialist Property teams.
Listed below are just some of the ways our partners use CSIPPs to provide a flexible pensions vehicle for their clients:
- Smart alternative to AVCs for senior executives / expert investors who want more flexibility and control over where their money is invested
- Double tax relief and capital gains tax protection form In-specie transfer of shares maturing from a Share Incentive Plan into a SIPP (SIP to SIPP)
- Robust framework to manage different investment groups within the same scheme, for instance lifestyle or age group related grouped “pots”
- Cost effective vehicle for harmonising legacy schemes and / or consolidation of pre-existing plans /transfers
- To provide a default fund, with an appropriate manager, for those employees who do not want to make any choice at all
The benefits for employers include direct cost savings by using CSIPP for / part of pensions harmonisation, increased employee perceived value, improved employee engagement, future proof pensions provision and better value for money.
Employees can elect to pay regular or ad-hoc contributions, select a range of retirement dates, have access to a wide range of asset classes, have control over benefits paid to their families on death, have one pension scheme for life and an improved employee benefit.
For advisers the benefits include building long term “wealth management” relationships with their clients, using CSIPP as a vehicle to deliver their bespoke strategies, utilising preferred investment managers, especially DFM, as apposed to insurance company funds and delivering proven added value supporting a move from a commission to a fees based model.
Our solution (The Pointon York SIPP) is a modular offering; designed to fit both your needs, as an adviser, and your client. We believe what really differentiates us from our competitors, is delivering flexible solutions tailored to your needs, as well as those of your clients.