SIPP off-panel investment instruction

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Pamela Wilkinson
5 years ago
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1 SIPP off-panel investment instruction This form is your instruction to Sippdeal Trustees Limited (STL) to make one or more investment transactions under the off-panel investment option. This form must not be used for property transactions. All off-panel investments (except property) must be registered in the sole name of STL and all investment paperwork must be signed by STL. Investments can only be held through our off-panel investment option where the investment is not available through one of our investment partners. In all cases you must contact the investment provider to obtain their appropriate paperwork to make the investment transaction. You must attach their paperwork to this form and complete details of the investment transaction, your adviser charges (if nil, you must enter nil ), your agency number and, for new investments, client money laundering documentation. We cannot accept off-panel investment instructions unless you have already provided us with an off-panel investment declaration signed by your client. For each new investment, or increment to an existing investment, you must confirm whether the investment provider will be paying you any adviser charges (if not, please enter nil ) and the level of those adviser charges. If adviser charges are to be paid from one or more investments and the investment application form has not required the client to confirm their agreement, please provide us with evidence of the client s agreement to the charges. This can be a copy of a document signed by the client or simply of your communication to the client confirming the level of adviser charges. Only submit this form when there is sufficient cash held in the SIPP cash account to complete the investment transaction. Where insufficient cash is held in the SIPP cash account this form and the investment provider s paperwork will be returned to you. Please contact our Adviser Support Team if you are unclear about any aspect of this process. Client s details Name of client SIPP reference New investment

2 You must complete the adviser charges boxes. If you are not going to receive adviser charges from an investment provider, please write nil. SIPP cash account balance If you wish to re-register an investment currently held within the scheme to an off-panel investment provider/manager, please also complete the Re-registration of investments section of this form. Increment to existing investment To be completed when placing further funds into an existing off-panel investment. Where appropriate, the provider s additional investment form must be completed. If one is not available, a clear instruction of where the funds are to be invested must be enclosed. This section must also be used for moving cash to an existing off-panel investment manager s account. You must complete the adviser charges boxes. If you are not going to receive adviser charges from an investment provider, please write nil. SIPP cash account balance 2

3 Disinvestment To be completed for a partial disinvestment from an existing asset and movement of the sale proceeds back to the SIPP cash account. A clear instruction covering the funds to be sold must be included. This section must also be used for moving cash back from an existing off-panel investment manager s account to the SIPP cash account. Closures and policy number and policy number and policy number and policy number and policy number 3

4 Switches To be completed when a fund switch is required within an existing plan. and policy number and policy number and policy number and policy number and policy number Re-registration of investments Use this section to specify the investment provider where investments are currently held and the investment provider with which investments should be re-registered. Please complete separate forms for each provider to which you wish to transfer investments. Please give the details of the current investment provider. Current investment provider Account reference Please specify your chosen new investment partner. New investment provider Please list any investments to be re-registered SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units SEDOL/ISIN Number of units 4

5 Additional information Adviser declaration I confirm that all adviser charges shown on the form have been agreed with the client and that I will not receive any payment not shown from the investment provider (pre-rdr commissions apart). I am authorised to give investment instructions on the client s behalf. I confirm that, where the investor must meet eligibility criteria to make a particular investment (e.g. where an investor must be a sophisticated or high net worth investor), these criteria have been met. If a deposit account is to be opened The account will be established on such a basis that funds can only be moved to, or from, the account on the signature of Sippdeal Trustees Limited Funds credited to the deposit account must come from, and funds debited from the account must be moved to, the trustees bank account with Bank of Scotland The deposit account will only be opened when the deposit taker accepts the conditions laid down by Sippdeal Trustees Limited in terms of a) Signatory requirements on the account mandate b) That bank statements will be provided as required by AJ Bell Management Limited to operate the pension scheme c) That the interest paid on the account is paid on a gross basis. On maturity of a term deposit account, action will only be taken on a written instruction from the adviser which must be received five working days before the maturity date. In the absence of any written instruction, and if contact is made by the deposit taker, the deposit taker will be instructed to take their default option The deposit is being made with the deposit taker and the client and/or adviser have full knowledge of the terms and conditions applied by the deposit taker The client irrevocably grants authority to Sippdeal Trustees Limited to close the account and transfer funds to an alternative bank account without the need for the client s or adviser s signature in the event that the providing bank fail to comply with the requirements for running the account as may apply from time to time. Once you have completed and signed the form, you can scan and it to investments@investcentre.co.uk. However, where additional paperwork from the investment provider is required, you should post it along with a hard copy of this completed and signed form to AJ Bell Investcentre, 4 Exchange Quay, Salford Quays, Manchester M5 3EE. Name Date Signature AJ Bell Management Limited (company number ), AJ Bell Securities Limited (company number ) and AJ Bell Asset Management Limited (company number ) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJBIC/SIPP/OPII/

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