Legislation and Regulations

Our SIPP is a member-directed pension scheme and therefore all investment decisions are the responsibility of the member and their financial adviser. Neither Heritage Pensions, IVCM or 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 the IVCM Heritage SIPP. IMPORTANT This is based on our current understanding of tax rules and pension legislation, and this may change in the future which may not be advantageous to you.
Metro Bank, the bank account provider for our SIPP products, is a member of the Financial Services Compensation Scheme (FSCS). Heritage Pensions is also a member of the FSCS. The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme. An eligible depositor is entitled to claim up to £85,000. For joint accounts, each account holder is treated as having a claim in respect of their share, so two eligible depositors with a joint account could claim up to a maximum of £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the bank, including their share of any joint account, and not to each separate account.
Our SIPP products are subject to the laws of the United Kingdom and any resulting legal disputes will be subject to the exclusive jurisdiction of the England & Wales courts.
Our SIPP product is a UK registered pension scheme. The asset Trustee is Heritage Trustees Limited and the scheme administrator and operator is Heritage Pensions Limited, who are authorised and regulated by the Financial Conduct Authority, registration number 475096. Heritage Pensions Limited is covered by the Financial Services Compensation Scheme.
Under the Financial Services & Markets Act 2000 you have the legal right to cancel your application within 30 days. Upon receipt of the application, we will issue a Cancellation Notice to your email address in the first instance otherwise to the address given. In certain circumstances, you may wish to waive your right to the 30 days Cancellation Period. Where you have elected to waive the right to cancel the application then the SIPP will be deemed as fully operational and you will lose the right to cancel the application.
Please check our documents section on this page.