Liberty SIPP

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Liberty cut their full SIPP initial fee

In our continued efforts to drive down SIPP fees, we have dropped our initial fee from £425 to £350. At Liberty our ethos has always been to charge only for work we actually have to do and this is another example. We are continually improving our administration methods and systems which results in less work for our administrators, per client. Therefore we are sticking to our philosophy by reducing our initial fee.

We already had a very competitive fee structure and have always tried to make it as simple and transparent as possible by not taking any hidden fees and giving 100% of bank interest rates directly back to our clients. This is how simple our fee structure is;

• Our One SIPP - If you want to invest in one asset you will pay £250 initial and a £250 annual administration fee*.
• Our Full SIPP - If you want to invest in more than one asset you will pay £350 initial and a £350 annual administration fee*.

*These fees also give you free access to any platform that we are a product provider for. Platform providers have separate fees and we don’t take any commission from any platform.

For example you could have the ability to invest in thousands of stocks, shares, OIECs, unit trusts etc. and only pay £250 SIPP annual fees no matter how much you choose to invest. So for our average pot size of £100,000 it works out at 0.25%, which is very reasonable, and as your pot increases this will only get better. For more information on our fee structure please visit the fee section on our website or contact us on 01706 826 511.

Sep 8, 2011