Can I hold cash in a SIPP?Yes, the default bank account with your SIPP is held with Metro Bank.
IMPORTANTIf investment growth is less than expected, you may need to make additional contributions to provide the benefits you have planned for. The wide range of investments that you can select will have different levels of risk attached to them, and future investment performance cannot be guaranteed. Some investments may not be readily realisable, and there may be a delay or you may not be able to liquidate the investment when you choose to. We recommend that you consult a financial adviser when looking at different investment options and the options available to you when you wish to take your benefits.
Can I change my investments?Yes, a SIPP gives you the flexibility to choose and change your investments when you want. There may however be a surrender penalty for moving from one investment to another which should be considered.
Do IVCM offer investment advice?No, SIPP is a member-directed pension scheme and therefore all investment decisions are the responsibility of the member and their financial adviser. Neither IVCM nor any of its affiliates give advice relating to the suitability of investments and cannot be held liable for any losses as a result of investments held within your SIPP.
Do I have to decide where to invest my money straight away?No, you can hold all or part of your money in the default interest bearing SIPP Bank Account held in your name until you are ready to invest. Please check with your financial adviser for the rate of interest currently available.
What can I invest in?Our SIPPs accept standard investments as defined by the UK Financial Conduct Authority (FCA). This includes investments allowed traditionally by Personal Pensions plus:
- Equities, Unit Trusts and similar investments
- Discretionary Fund Managers
- Execution Only Stock Trading Accounts
- Gilts & Bonds
- Fixed Term Deposits
- Fixed Income Securities
- Investment Trusts
- Exchange Traded Funds
- Property Funds
- Commercial Property and Land in the UK