Curtis Banks has introduced two new fee concessions and extended its offer on in specie property transfers for SIPPs.
It has waived the cash transfer in fee, in specie transfer in fee and the property transfer fee for set products.
For new Your Future SIPP clients Curtis Banks will be waiving the cash transfer in fee and in specie transfer fee on the establishment of a SIPP.
In addition, it has extended its special offer on in specie commercial property transfers, continuing to waive the fee until June 2023. This, the firm says, saves clients over £850 and is due to adviser demand after a 141% increase in enquiries.
To avoid the duplication of fees, Curtis Banks is also continuing to align the annual SIPP fee and the annual property management fee for in specie commercial property transfers, to match any client’s previous provider when transferring to Curtis Banks – ensuring that adviser’s clients don’t pay twice.
Charles Dewey, head of sales at Curtis Banks, commented: “SIPPs exist to provide unprecedented investment flexibility especially for those looking to invest in commercial property. As one of the largest property landlords in Europe, we have experts that can help advisers and their clients, providing high levels of service and administration excellence.
“Our decision to continue to waive the fee on in specie commercial property transfers until June 2023 was based on adviser feedback and will not only ensure that clients continue to secure greater returns on their investments but also allow those clients who feel that they are trapped with their current provider the opportunity to transfer over.
“We have also introduced two new fee concessions waiving the cash and in specie transfer fees when an adviser establishes a new SIPP for their client.”
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