ARC Self-invested Personal Pension (SIPP)
For intermediaries only
14 May 2020Many people now opt for a more gradual transition from working life into retirement. Our ARC SIPP offers the 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
- Seamless transition from tax-efficient pension saving to taking an income
- Access to around 4,500 investment options (as at March 2020) catering for different savings needs, whether a client is building their savings pot or approaching retirement
- Choose to either sell SIPP assets proportionately or target assets and amount to sell down for uncrystallised funds pension lump sum (UFPLS)
- Move funds proportionately from SIPP to drawdown or specify assets and amounts
- Simple transfer process – transfer an old pension to the ARC SIPP
With the ARC SIPP, clients can choose:
- how much income they take;
- how to take their income and any UFPLS (after 55);
- when to start taking income;
- to keep their money invested until they need it, and
- when to draw cash lump sums.
What's included?
| Drawdown pension? | Yes |
|---|---|
| Flexi-access 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.
Documents you may need
- ARC terms and conditions
- Suitability and features of the ARC SIPP
- Your guide to Aegon Retirement Choices – adviser guide
- Key features
- Client guide
- Charges guide
Take a look at our document library for more support material.