ARC Self-invested Personal Pension (SIPP)

For financial advisers only

30 April 2021

Many people now opt for a more gradual transition from working life into retirement. Our Aegon Retirement Choices (ARC) SIPP offers your clients flexibility to support a phased approach, allowing a seamless transition from saving to taking an income - all in one place.

Features and benefits at a glance

  • A savings and income solution – your clients can accumulate savings and take an income from age 55 (57 from 6 April 2028) - all in one place.
  • A wide range of investments – including growth and income-focused fund solutions designed to match different risk appetites. Or you can choose from around 5,000 investments (as at December 2021), including collectives, equities, exchange traded funds, and investment trusts.
  • A simple transfer process – your client can transfer an old pension to the ARC SIPP, including cash, re-registration and drawdown transfers. To find out more, take a look at our consolidation toolkit.
  • Ability to target funds – for payment of pension commencement lump sum (PCLS) and moving into drawdown, or you can choose to move/sell funds proportionately.
  • Income options – the ARC SIPP can provide income for your clients in a tax-efficient savings environment with ongoing potential for growth using flexi-access and drip-feed drawdown. A range of options are available online including PCLS, partial and full income.

What's included?

ARC SIPP - What's included
Drawdown pension? Yes
Flexi-access drawdown, including drip-feed drawdown Yes - no limit to income taken from pension
UFPLS Yes
Fund transfer in/out Yes
Minimum transfer value £250
Minimum single/regular contribution £1 each month

The value of the investment, and any income taken from it, can fall as well as rise and isn’t guaranteed. Clients may get back less than they invest. Taking income payments will reduce the size of pension savings and there is a risk that income may run out too soon.

A client must keep any money invested until they take their benefits, which can usually be done any time from age 55 (this will change to 57 from 6 April 2028).

Consolidation may not be the best option for your clients. It’s important your clients are comfortable with the investment choices they make as they may lose features, protections, guarantees or other benefits when they transfer.

Documents you may need

Take a look at our document library for more support material.