We look after your pension needs allowing you to do what you do best.
The set of a SIPP is very straightforward and expedient, the documents that we require and the current process is outlined below:
Following the advisory processes carried out by the adviser, in order to set up a Qualitas SIPP, we require the following documents to be signed by the SIPP Member (n.b. a Key Features Illustration will have already been provided at point of sale):
On receipt of the above, Morgan Lloyd SIPP Services Ltd will do the following. Morgan Lloyd can also approach the existing SIPP Provider and ensure the new establishment process is smooth and efficient.
The SIPP establishment process can be completed within 2 days of receipt of the documents and the bank account will be able to receive funds immediately. Outgoing payments and online access facilities should be available within 5-7 days. Morgan Lloyd can also approach the existing SIPP Provider and ensure the new establishment process is smooth and efficient.
Most new clients have received financial advice recommending the use of the SIPP in their business and personal wealth management strategy. Morgan Lloyd work closely with Clifton Consulting Ltd, who advise nationwide on pension led business funding. Setting up a new SIPP with Morgan Lloyd is simple. Every new client has a dedicated administrator to manage the process from beginning to end. This set up can often be completed within a couple of weeks, allowing existing funds to be transferred, or for contributions to be made into the new scheme.
With a registered SIPP in place, SIPP investments can now be made.
This information reflects the regulatory and taxation situation as it affects pensions at the time of publication in April 2017 and is provided to the best of our knowledge. It is not a complete representation of the pensions legislator landscape and is for guidance and information purposes only. We cannot be held responsible for any errors, omissions or subsequent legislative changes.
For further information on your pension scheme administered by Morgan Lloyd, or any enquiry, please do not hesitate to call and one of our team members will be happy to helpView more