City Trustees - part of Mattioli Woods



News and Media

12 November 2012

City Trustees releases SIPP Property transfer campaign

Award winning self-invested pension provider, City Trustees is releasing a new property transfer campaign targeted at IFAs. The campaign is designed to make it easier for IFAs to transfer poorly administered property SIPPs onto a robust and efficient platform for greater flexibility and client satisfaction.

Due to the complex nature of the asset, there are often expensive exit, set-up and legal fees in respect of the in-specie transfer, which tends to result in clients remaining with their existing provider, and reluctantly having to continue to accept poor service.

City Trustees Business Development Manager, John Glover commented; "We have removed our initial costs of property transfer-in fees to help break down the cost barrier, enabling clients to transfer onto a financially strong and robust administration platform".

The City Trustees fee proposition will also remove the environmental report fee, property purchase fee and lease fee to provide an excellent and transparent fee structure for both IFAs and clients.

Managing Director, Iain Herbertson added; "We have teamed up with specialist solicitor firm bhw law, who have extensive knowledge of SIPP and SSAS commercial property transactions and will also provide a streamlined and cost-effective legal service to include the change of legal title between providers".

The property campaign is supported by City Trustees award winning service, which includes in-depth specialist commercial property knowledge, a dedicated named administrator, a non-panel approach and a 'Can do attitude'.

For further information on the City Trustees SIPP Property transfer campaign, please contact please contact info@citytrustees.co.uk

 

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