SIPP (Without Pension Advice)

Some clients do not want pension transfer advice and are prepared to accept the risk inherent in their own decision to transfer. If you know what you aim to do, you can transfer personal pensions, SIPPs, stakeholder pensions and retirement annuity plans (RAPs) without pension transfer advice.

If you opt for our SIPP (Without Pension Advice), advice or management will still be available on the investments held within the pension.

If you have any occupational benefits or protected rights we would ask you to call us on 020 7337 0516 for more information.

To speak to a Broker about receiving pension transfer advice please call 020 7337 0777.

Should you decide to proceed with a transfer without pension transfer advice we would strongly recommend that you familiarise yourself with the terms in the disclaimer below.

Killik & Co will permit SIPP (Without Pension Advice) business for the following:

Opening a Killik & Co SIPP in which to make new contributions
A transfer of a personal pension or a SIPP to the Killik & Co SIPP
A Protected Rights transfer to the Killik & Co SIPP
A USP transfer to the Killik & Co SIPP
Final salary scheme transfers provided that the period of service was 2 years or less (other types of occupational pension can only be transferred with advice).

If you still wish to proceed you can download the required forms below, or contact one of our Brokers who will supply these to you:

SIPP (Without Pension Advice) Application Form
SIPP (Without Pension Advice) Authority to Transfer Form for existing Killik & Co SIPP clients only

If you are new to Killik & Co you will also need to complete an Account Opening Form.

Disclaimer

You have neither sought nor been given any pension transfer advice or information from Killik & Co or any of its employees on the subject of pension transfers.
You should check that the benefits from The Killik & Co SIPP will be at least as good as the plan you are transferring.
As part of this process you should check that by transferring you are not losing guaranteed annuity rates (GARs) and/or that you are not suffering any transfer penalties.
Terminal bonuses are normally payable at maturity on with profits policies. This may be lost on transfer.
You should also check that there are no benefits which might be lost on transfer such as a higher tax-free cash entitlement.
If the pension company is a mutual which at some point might de-mutualise then you would lose any potential de-mutualisation benefit.
The new pension "simplification" rules from April 2006 could affect your decision to transfer. In particular if you have taken out enhanced protection then paying a contribution or making a partial transfer to The Killik & Co SIPP could negate this protection.
You understand that the Killik & Co SIPP does not comply with 'Stakeholder' criteria which impose certain conditions such as limiting charges to a maximum of 1.5% per annum for the first 10 years and 1.0% per annum thereafter. I do however appreciate that the Killik & Co SIPP provides flexible retirement options such as Unsecured Pension which Stakeholder plans may not offer.