Establishing an IPS Family SIPP
The IPS Partnership does not give financial advice. We can only accept applications direct from the general public in limited circumstances. Please refer to our application guidance for further details.
To establish an IPS Family SIPP, please print, complete and return the following paperwork to us IPS Family SIPP Scheme Application IPS Family SIPP Member Application (one for each member) and IPS Family SIPP Trust Deed.
Each proposed member should also print, read and keep our booklet, The IPS Family SIPP, our Key Features Document and our Fee Schedule. These contain important information for your reference.
Please ensure that the application forms have been signed and the Trust Deed signed and witnessed.
Contributions
Contributions can be made by cheque, BACS, CHAPS or standing order.
- Cheques should be made payable to "The IPS Partnership Plc - Designated Client Account".
- For BACS and CHAPS payments please contact us for account details.
- A standing order instruction is included within our member application form.
Transfers
Where the IPS Family SIPP is to receive a transfer from an existing pension arrangement, you will need to contact the existing provider to obtain the transfer. The transfer instruction within our member application form is usually sufficient for this purpose.
It is also possible that we will need to complete a document as the Trustee of the receiving scheme, which is provided by the transferring scheme's administrator.
Immediate Retirement Benefits
Where immediate retirement benefits are to be drawn we will require completion of our Benefit Request Form.
Should you be considering drawing a Scheme Pension from an IPS Family SIPP you should speak to a Financial Adviser beforehand as this is a particularly complex area. You will also need to complete our Scheme Pension Questionnaire.
Investment Strategy
Depending on your chosen investment strategy you may need to provide us with additional documentation. Please refer to our technical section for further details.
The operation of The IPS Family SIPP is Authorised and Regulated by the Financial Services Authority (FSA), there is a statutory 30 day cancellation period. This can be waived by ticking the relevant section of the member application form, so that the SIPP can proceed immediately.
