SIPP and SSAS firm Alltrust has launched a premium self-invested pension for high-net-worth individuals, experienced investors and the IFAs and wealth managers who advise them.
The sophisticated investor SIPP is aimed at people looking to move beyond standard platforms to access private markets, commercial property and bespoke investment structures.
It has a minimum initial fund requirement of £100,000 and no requirement for regular ongoing contributions.
Investors retain control of investment decisions, typically working in partnership with a regulated financial adviser, Alltrust said.
Members will be able to invest across a broad permitted list, from listed equities and funds through to commercial property, AIM securities, gold bullion, REITs and secured lending.
Those assessed as 'Knowledgeable Investors' will be able to include hedge funds, contracts for difference, property syndicates and unquoted UK equities.
The product also features a syndicate capability, enabling multiple sophisticated investor SIPPs to co-invest in shared assets – typically commercial property – allowing investors to pool pension capital and access opportunities that would be difficult to reach alone.
The key aims of the SIPP include providing a tax-efficient vehicle for long-term retirement planning, enabling access to a broad range of traditional and non-standard assets, offering flexibility at retirement through drawdown, lump sums or annuity purchase.
James Floyd, managing director of Alltrust, said: “We have been providing SIPP and SSAS arrangements for two decades. What advisers have told us is clear: some clients do not need a different kind of pension, they need a purpose-built extension of what already works.
“These are experienced investors who understand markets, who are active in private business and who want to use their pension as a strategic vehicle. They expect access to the same asset classes they invest in outside their pension, and they want a provider that knows how to hold and administer those assets properly.
“The sophisticated investor SIPP gives them that depth and breadth, combining investment freedom with robust governance, transparent fees and the tax efficiency that makes SIPPs such powerful vehicles for long-term wealth building and inter-generational planning.”
The SIPP supports a wide universe of investments, subject to Alltrust’s due diligence and approval process, making it suitable for complex and alternative strategies not typically accommodated by mainstream SIPPs, the company says.
Online establishment with a regulated adviser costs £99, with an annual administration fee of £1,000. Non-standard investments are subject to a clearly defined fee schedule set out in the product documentation. Alltrust said it emphasises full transparency, with no hidden charges.
Alltrust is a UK-based pension trustee and administration specialist providing SIPP, Family Pension Trusts and Small Self-Administered Services.