Selftrade adds to SIPP proposition with launch of Sovereign SIPP

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Simple, cost-effective SIPP with option to purchase discounted ‘trade bundles’

Selftrade’s dealing platform offers investors a broad range of SIPP options
Find out more about Sovereign SIPP
Those opening a Sovereign SIPP before 31 December 2012 to receive a £100 Gift Certificate*

Execution-only stockbroker Selftrade today announces the launch of the Sovereign SIPP, offering investors a simple way to manage their pension investments cost-effectively. The new SIPP, which is run in conjunction with European Pensions Management (EPM), gives pension investors the opportunity to purchase discounted trade bundles** and to access the wide range of SIPP-eligible, stock market-based investments tradeable via the Selftrade platform.

Selftrade is also offering a £100 Gift Certificate to those who apply and are accepted for a Sovereign SIPP up to 31 December 2012.

Transfers of a SIPP from another provider will be eligible, as long as the Transfer Application form has been received and accepted by the closing date (31 December).

The Sovereign SIPP is an addition to Selftrade’s existing award-winning SIPP offering; investors can use a SIPP Dealing account on the Selftrade platform and appoint a trustee/ administrator of their choice, particularly beneficial for those wishing to include other asset-classes in their SIPP.

Key features of the Sovereign SIPP:

    Low annual admin fee of £95 + VAT per year
    Full choice over how to trade within the account – either purchase bundles of trades at a reduced dealing fee, or pay as you go on Selftrade’s standard dealing tariff
    Trade bundles are 10 trades for £100 (£10 per trade) or 20 trades for £180 (£9 per trade) – online and by phone, saving up to £70 compared to Selftrade’s standard online dealing rates
    Standard tariff is £12.50 per online trade, telephone trades start from £17.50. No dealing fee on fund purchases
    Access to a wide range of SIPP-eligible stock market-traded investments including UK and international shares, ETFs, ETCs, Bonds & Gilts, Funds, Warrants and Covered Warrants and eligible derivative-based products
    Regular Investment Service (RIS) and Dividend Re-investment purchases cost £1.50

David Jeal, Head of Product Management at Selftrade, comments:

“Running a SIPP isn’t just for investment experts; it doesn’t have to be complicated. The new Sovereign SIPP is a great option for those looking for a simple and straightforward solution to taking control of their pension investments by offering solely stock market-based investments.

“We know that flexibility and cost-effectiveness are key features that investors seek: the Sovereign SIPP gives them exactly that, allowing them to tailor their SIPP trading to fit their needs. By giving investors the option to buy bundled trades, they will be able to plan more effectively for the costs of running their SIPP, whilst benefitting from one of the lowest trading commissions in the market. SIPP investors are typically more active investors too, so offering those taking out a Sovereign SIPP the option to buy trade bundles helps make their pension contributions go further.”

The value of investments can fall as well as rise and any income from them is not guaranteed. Investors should be prepared to lose their investment. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If now or in the future, you have the option of joining an employer's occupational or contributing pension scheme, you should consider joining or making contributions to it. Once in a pension your money is only accessible, in general, from age 55.

Notes to Eds:

*Terms apply to the Amazon Gift Certificate offer
***Trade bundle terms apply

About Selftrade:

*Source: ComPeer Limited, 2011

Selftrade® is a trading name of Talos Securities Limited and registered trade mark of Boursorama. Talos Securities Limited is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets plc.

Registered office: Boatman’s House, 2 Selsdon Way, London E14 9LA. Registered in England & Wales No. 04196325.

For more details on Selftrade visit:

Founded in 2000, Selftrade has become one of the UK’s top five* leading execution-only stock brokers, executing in excess of one million trades per year, with customers holding more than 220,000 accounts.

Selftrade is authorised with limited permission for deposit taking, which means that it can offer some savings products.

Customers can manage day-to-day trading, tax-efficient investing and investment planning from one place with Dealing, Shares and Cash ISA and SIPP accounts. A CFD and Spread Betting service is provided in conjunction with London Capital Group.

Selftrade was voted Best Online Execution-only Broker and Best Online ISA Provider at the Money AM 2012 awards.

Best SIPP Product Provider of the Year at the Financial Times and Investors Chronicle Investment Awards (2010), Best SIPP Provider in the Shares Awards (2010), and Best Derivatives Service in the Daily Telegraph Wealth Management Awards (2010).

Selftrade is a subsidiary of Boursorama Group and part of the Société Générale Group. Customers of the Boursorama Group hold more than 987,000 accounts. In France, Boursorama is market leader in online financial information with the portal and a key player in online brokerage and banking under the Boursorama Banque brand.

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Georgette Harrison
020 7517 4587
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