City Trustees - part of Mattioli Woods



News and Media

25 November 2014

City Trustees Launches SIPP Property Transfer Offer

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 their clients' poorly administered property SIPPs onto a robust and efficient platform for greater flexibility and client satisfaction.

The Mattioli Woods' owned pension company has reduced its set-up and transfer costs by over 40% to help reduce the overall cost of transferring from existing providers.  The new £1,000 discounted fee structure will run until the end of March 2015.

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.

Ed Carey, Managing Director, commented:

"We have reduced 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 feature reduced legal fees.  Business Development Manager, Mike Kempster, added:

"We have teamed up with a specialist legal firm that has extensive knowledge of SIPP and SSAS commercial property transactions, and who 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'. City Trustees has also been awarded the highest 5 Star Rating in Defaqto's Star Ratings for self-invested personal pensions (SIPPs).

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

 

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