workplace SIPP.

what can workplace self invested personal pensions (SIPPs) do for your company?

Self Invested Personal Pensions (SIPPs) are a cost-effective way of providing a benefit for employees within a flexible package. SIPPs offer employees investment choice, diversification potential and flexibility, including retirement options. For employers there are cost savings, protection, and limited effort since there are no trustee or administration responsibilities.


The Workplace SIPP benefits:

  • is free to set-up and has, no annual administration charge
  • offers  a full range of investment options
  • accepts both employee and employer contributions on either an individual or group basis
  • accepts in specie transfers of shares from your company share schemes
  • accepts transfers from legacy pension schemes including protected rights funds
  • is available on an advised or non-advised basis
  • is suitable for bulk pension transfers

Our SIPP is designed specifically for the workplace in that it is trust-based and can operate alongside existing company schemes , or as a replacement to existing schemes.

It provides access to a wide range of investments including shares, collective investments and fixed interest investments, which means we can offer:

  • Defined benefit style portfolios run on a discretionary basis
  • Defined contribution style funds for employee selection
  • Stock holding services
  • In specie transfers of shares from your company share schemes

The Workplace SIPP is available via:

  • Face-to-face advice where we manage portfolios on a discretionary basis
  • Online, where employees self select their investments and are thus non-advised


At JPMorgan INVEST we provide a consistent investment approach which allows tailored portfolios to be set-up which meet your employee’s needs.

 
 

benefits for employers.

  • Cost-savings. The administrative costs of managing a DC scheme for your employees/members would be negated as the Workplace SIPP is managed by us. There is no charge for simply making it available to employees or using it on a group employer contribution basis.
  • Enhanced benefits packages. It can accept in specie transfer of shares so you can easily provide a combined benefits package that links company share schemes with the SIPP for added tax incentives.
  • Protection of a similar level to your existing occupational scheme as it is trust based.
  • Little company involvement. The Workplace SIPP usually only involves the employer with regard to the payment of employer contributions. JPMorgan INVEST also takes full regulatory responsibility for all aspects of advice to individuals and investment management.

when is a workplace SIPP suitable?

  • To complement existing Defined Benefit (DB) and/or Defined Contribution (DC) schemes
  • To offer as an alternative to:
    • A DB scheme if you are winding up, or ceasing further accrual in the scheme
    • A Group Money Purchase DC Scheme
    • An AVC scheme
    • A Group Personal Pension  (GPP)

bulk pension transfer.

A bulk pension transfer is where a block of members moves from one pension scheme to another in one transaction. This could be the whole scheme membership or a part of it. As the Workplace SIPP has been set-up to replicate occupational schemes as much as possible, it is a suitable alternative if you are considering bulk pension transfer and we can advise your members on an individual basis.