SIPP supplier Curtis Banks is waiving its charge on in-specie industrial property transfers into its Your Future SIPP for the remainder of the yr.
The transfer will save shoppers greater than £800 and the supplier hopes it would encourage shoppers who might really feel ‘trapped’ with their present supplier.
The SIPP supplier can also be aligning its annual SIPP charge and the annual property administration charge to match any consumer’s earlier supplier when transferring to Curtis Banks to make sure that shoppers don’t pay twice.
Charles Dewey, head of gross sales at Curtis Banks, mentioned: “When SIPPs have been first introduced again in 1989, it supplied unprecedented funding flexibility. This flexibility stays as we speak and, particularly, investing in industrial property.”
However he mentioned the administration of the property was essential and advisers usually discover shoppers with suppliers that shouldn’t have the expertise and experience to undertake this work.
“That is nice for these simply investing in property, however many consumers can really feel that they’re trapped with their present supplier. However they can switch from one SIPP supplier to a different through an in-specie switch,” he mentioned.
To make the switch extra enticing, the SIPP supplier is waiving the charge on in-specie industrial property transfers into Your Future SIPP till the tip of 2022.
“As one of many largest property landlords in Europe, we have now consultants that may assist advisers and their shoppers, offering excessive ranges of service and administration excellence,” mentioned Mr Dewey.
Curtis Banks has administered SIPPs and SSASs since 2009 and has since grown to be one of many UK’s largest impartial SIPP and SSAS suppliers, taking care of greater than 78,000 shoppers.