Regular investments

	You can regularly invest on a monthly basis using our Advisory option core funds through our SIPP, ISA or Dealing Account
	It's FREE to regularly invest in any of the 3,000 plus core funds.
	£1.50 per deal to regularly invest in any FTSE 350 share, selected ETFs, ETCs and investment trusts.

If you want to make regular investments on behalf of your clients then the Sippcentre regular investment service makes the whole process as simple as possible for you, by automatically buying the investments on the same day every month.

Cash transfer facility

We make regular investments on the 10th calendar day of each month (or the next working day); this means that there must be sufficient cash in the Advisory dealing account at this time to cover all transactions.

There are various ways that you can transfer cash to the Advisory dealing account.

If the regular investment is for our SIPP, you are able to set up an automatic cash transfer or sweep from the SIPP cash account to the Advisory dealing account. You can do this by either:

emailing your instruction using enquiry@sippcentre.co.uk or by
completing a ‘Regular investment service cash transfer instruction’. This form is available within the ‘Literature’ section of our website.

Please note that for our SIPP, the regular investment service is available for clients who use the Advisory option only or the Advisory option in conjunction with off panel investments.

How does our SIPP cash transfer facility work?

The minimum that must be left in the SIPP cash account is £250, but when you give us any instruction, you can decide to set this at a higher amount.

(Please note that if your client is in drawdown, the minimum to be left in the SIPP cash account must also cover this payment.)

In your instruction, you can also tell us the month when you want the cash transfer to start
– but it must be on the 7^th calendar day of the chosen month.

For the cash transfer to take place on the 7^th calendar day of the month, we must receive your instruction by the last working day of the previous month.

On the 7^th calendar day of the month (or the next available working day), we will “sweep” any cash above the minimum level agreed to the SIPP Advisory dealing account. For example, if the minimum you have set to be left in the SIPP cash account is £500 and there is £1,100 available on 7^th, we will transfer £600 to the Advisory dealing account.

By making the transfer on the 7^th calendar day of the month, the cash will be available in the Advisory dealing account for the 10^th calendar day of the month – when we process all regular investment orders.

If there is no cash available to sweep on the 7^th calendar day, then we will try again on the subsequent days.

For either of our ISA or Dealing Account, the easiest way to fund the Advisory dealing account is to set up a Direct Debit instruction. Once you have logged into Sippcentre and selected the client, click on ‘Regular subscription’ or ‘Regular payment’ and follow the online process.

Alternatively, PDFs of the Direct Debit instructions are available from the ‘Literature’ section of the website.

What can my clients regularly invest in?

Our regular investment service allows you to invest on behalf of your clients in a wide range of options. You can choose from:

all FTSE 350 shares,
more than 3,000 core funds,
selected ETFs, ETCs and investment trusts.

See the full list of regular investments we offer.

What are the costs involved?

It’s FREE to invest regularly in any of the unit trusts and OEICs* that make up the
core funds of the Advisory option.

It’s just £1.50 per deal to regularly invest in any FTSE 350 shares, selected ETFs, ETCs or investments trusts.

(There is no charge for selling any of the core funds and our online dealing charge of just £9.95 per deal applies if you want to sell any other regular investments.)

Please read our charges and rates for further details.

*We don’t charge a dealing commission to regularly invest in unit trusts/OEICs, but there may be an additional charge made by the fund manager.

How do I set up the regular investment service for my clients?

Once your client account is established, you can set up a regular investment on their behalf. There are just a few steps involved. For full details please refer to our
regular investment user guide.

Is there anything else you should consider?

For a SIPP, our Regular investment service is available to clients who use the Advisory option only or the Advisory option in conjunction with off panel investments.
You should read the terms and conditions and the key features of the product receiving the regular investments before you make any decision on behalf of your client.
Regular investments can only be made monthly.
Regular investments can be made online or over the telephone.
Only you, the adviser can make regular investments on your clients behalf.
The date for all regular investments is fixed and we deal on the 10^th calendar day (or the next working day) of each month. You are able to amend any regular investment instructions up until midnight on the day before the regular investment dealing day.
You must make sure that you have enough cash in your client’s Advisory dealing accounts to pay for regular investments. If, on a “regular investment day” there isn’t enough cash in the account, we will not be able to process the deals. We will then try to place the regular investment order on the 10^th calendar day (or the next working day) of the next month. If we are unable to place the regular investment order then we will inform you by secure message.
If you want to use our cash transfer facility (i.e. we automatically move cash from the SIPP cash account to the SIPP Advisory dealing account) then you must set up and manage this facility in line with the process detailed above.
The minimum you can regularly invest is just £25 a month per individual investment instruction.