Absolutely, clients can transfer their SIPP away from InvestEngine. To do this, please contact the new provider and follow their process.
Please let your new provider know that we can process transfers electronically and that we use both Origo and Equisoft.
Cash transfers
If your transfer out is to be paid solely in cash then your new provider should submit their instruction to our Origo account. Within Origo your new provider will find us registered as a scheme called The Invest Engine Pension Plan. When submitting a new request to us, this can be found within the 'Add Scheme' section on Origo, and not via the 'Add Contract' option. Further details can be found within the Active Schemes list, which is published by Origo for all users to access.
In-specie transfers
If your transfer out is to be completed on an in-specie basis then your new provider should submit their instruction to our Equisoft account. Our reference in Equisoft is ALUSGB21IEP.
Things to remember:
Please make sure that the transfer request includes your account reference number which can be found by clicking on the Profile Icon at the top of your Dashboard. It is a number starting with ‘IC’ followed by 8 numbers.
In the unlikely event that your provider is unable to accept the transfer electronically please arrange for our transfer out form to be completed and returned to us. Please note that the form needs to be completed by you and your new provider.
In order to prevent delays in the transfer please make sure that your personal details with both us and your new provider match.