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Trustee Investment Plan 

Single premium investment for trustees of UK registered Occupational Pension or Self-Invested Personal Pension (SIPP) schemes. Subject to an Openwork minimum for a new SIPP of £200,000. 

  • Fund Size Discount is applied to the Annual Management Charge depending on the size of the fund.
  • Access to the PruFund range of funds, which can help balance higher risk or illiquid assets which may be held in the Scheme, together with growth potential.
  • As an alternative to holding large cash balances in a trustee’s bank account, the Trustee Investment Plan offers the potential for real growth which could help against the effects of inflation.
  • Regular, partial and full withdrawals. Regular withdrawal facility can provide income (subject to limits) without the need to sell or release funds from other assets held in the scheme which may be less accessible, such as property investments.
  • Income flows could help cover payments and costs after the first 12 months, such as drawdown payments, loan repayments, and any ongoing costs and charges within the scheme.

The value of an investment can go down as well as up. Your client could get back less than they paid in. 

Our Trustee Investment Plan is for Trustees of UK registered Occupational Pension Schemes and Self Invested Personal Pension Schemes (SIPPs). It allows Trustees to invest in our range of funds – to grow investments over the medium to long term (5 to 10 years or more).

Investments from SIPPs will be set up for a named individual – known as a “member designated” plan. Other UK registered Occupational Pension Schemes can also designate the plan to an individual. 

The introduction of a signatureless process removes the need for you to obtain a ‘wet’ signature from trustees for the following requests:

  • New Business
  • Withdrawal of Units
  • Adviser Charge Alteration (changes to OAC% only)
  • Fund Switch
  • Monetary Withdrawal
  • Change to Regular Income
  • Cancellation

However, we’ll only accept submissions of signatureless requests from one of the following:

  • Xafinity Pension Trustees Ltd
  • Embark Pensions
  • Delegated Authority

Available methods for submitting requests:

  • Regular electronic submission route or via the Customer Support team email with confirmation that they are acting on behalf of the Xafinity Pension Trustees Ltd/Embark Pensions
  • Postal/hardcopy