Winterthur Life is one of the lesser known brands within UK financial services, but the company has a long history and until 2006 when it became part of AXA, was amongst the top 10 in Europe and the largest insurance firm in Switzerland.
Winterthur Life SIPPs are called ‘The One’ and combine the benefits of a traditional personal pension with the facility to self-invest and take greater control of the funds.
The self-invested element offers a wide range of assets to invest in, with stocks and shares, deposit accounts, collective investments and commercial property all popular options. Anyone wishing to invest in commercial property will find their account administered by Capita SIP Services, who have the specialised knowledge required to deal with property assets.
Winterthur Life SIPPs allow plan holders to dabble as much or as little in the management of the portfolio as they wish and the provider allows both financial advisors and discretionary fund managers to deal with your account if you prefer.
Switching between the regular funds on Winterthur Life SIPPs will not incur any additional charges, but transactions within the self-invested element in other assets may attract fees, with the amount depending on the assets being bought and sold.
Plan holders are able to include contributions from their employer as well as varying, reducing or ceasing the level of their own contributions. It is possible to transfer benefits from an existing pension scheme, but the plan holder will be asked to obtain financial advice first to check that the transfer is in their best interests.