There are 9 risk-rated globally diversified investment portfolios available. A portfolio is selected for you after completing the risk assessment stage in the account opening process.
Yes, we provide electronic recommendations using the information you have provided to us. It is therefore extremely important that you provide us with accurate information about your personal circumstances.
The advice we provide you is simplified and based only on the information provided by you. It is also limited to the pot of money being invested through this service and has not considered your full financial circumstances.
We have agreed with Fundment to provide the investment management and technology for your account. Fundment will exercise the decision to buy or sell investments in line with your risk profile. By signing these terms and conditions, you appoint us to provide you with this portfolio facility and Fundment to provide you with investment management services. Under these terms, Fundment undertakes to manage your account with skill, care and in accordance with the information you have provided.
You can open or transfer an ISA, personal pension (SIPP) or General Investment Account (GIA).
ISAs and Pensions offer significant tax advantages though you will generally not be able to access your Pension until you attain the age of 55.
Once you have completed the account signup process, you can make a deposit through your secure customer dashboard.
Yes, it depends on the type of account you are opening.
ISA’s & General Investment Accounts (GIAs): There is a minimum investment of £500 per ‘Investment Goal’ along with a recurring contribution of £100 per month.
Pensions: There is a minimum initial investment of £5,000. This is to allow us to build a well-diversified portfolio that is not too exposed to one particular asset class.
SAs & GIAs: No. Investing should be done with a long-term perspective; however, you can withdraw whenever you want to as we do not operate a minimum investment period.
SIPP: For Pensions, there are restrictions as to how and when you recieve benefits.
No, however you may review your portfolio online at any time and notify us through your customer dashboard if your personal circumstances or attitude to risk have changed.
We use Collective Investment Vehicles for your portfolio. These include:
Exchange Traded Funds (ETFs)
Open Ended Investment Companies (OEICs)
ETFs are a substantial part of our investment universe. They are non-complex, transparent, liquid securities that hold assets such as bonds, equities, commodities and cash.
We are independent and whole of market which means we will review and select an appropriate fund for your portfolio.
Financial and data security is an important matter for us. The custodian of your client assets is Winterflood Business Services, a subsidiary of Close Brothers Group, founded in 1878. They oversee billions of assets for many clients globally.
Winterflood holds your assets in a segregated account for added security in line with FCA rules on client money. This means that in the unlikely event that Winterflood or Fundment are declared bankrupt, your investments are protected.
Financial Services Compensation Scheme
Both Fundment and Winterflood are also covered by the Financial Services Compensation Scheme which entitles you to compensation if they are both unable to meet their obligations to you.
Personal Data Your personal data is extremely well secured with a modern bank grade 256-bit encryption.
You are free to withdraw some or all your money invested through an ISA or GIA at any time.
You can transfer your ISA or Pension to another provider. However, you cannot withdraw money from a personal pension until you’re at least 55.
We do not charge you to withdraw and it generally takes 3–6 business days for your money to reach your bank account.
If you withdraw all your money, after we close your account, we hold your personal information for a period as required by law.
The fee breakdown is available in your customer dashboard and typically works as below:
Adviser fee – this is the fee charged to provide the service to you.
Investment Management fee – this is the fee charged for managing your portfolio and the underlying investment fund charge
There are no other costs. No exit fee, initial fee, or transaction fee
There are no additional cost for your Personal Pension, ISA or GIA.
Of course, you can transfer SIPPs, personal pensions and most workplace pensions. If you have an Occupational (Company) Pension scheme, or you have a personal plan with safeguarded benefits or are currently in drawdown, you will need to receive personal advice before transferring.
The Government adds tax relief on your Pension contribution up to the value of your total annual earnings capped at £40,000.
For example, as a basic rate tax payer if you contributed £20,000, the Government will add £5,000. If you are a higher rate tax payer, you may be able to claim back even more from the Government through your annual tax return.
Depending on your pension provider, it takes on average 2-3 weeks in total to complete. If your provider does not participate in the online process for a transfer, it could take around three months. We are compiling a list of transfer timelines for various providers to help give you an idea of how long your transfer is likely to take.
You can use the government Pension Finder directory to identify your pension provider. For your Fundment personal pension, please search for Liberty SIPP.
Yes, if your employer is not already set up with us, we will contact them to arrange this and the standard ‘Know Your Customer’ procedure will be applied to them. You’ll need to complete the set-up of your pension account as standard with us.
The operator, trustees and administrator of your pension valuation is Liberty SIPP Limited. However, all regular contacts, questions, and communications will be through Fundment who can help answer questions you may have on your pensions.
Your pension valuation is available 24/7 through your online account. However, we will send you an annual statement and this will be available to download from your online customer portal.
At age 55 or over, you can take 25% of your pension pot tax free and use the rest to buy a ‘guaranteed income’ which is also known as an annuity. You can also leave your pension pot invested and draw income. This is known as flexible access drawdown.
While an annuity gives you fixed guaranteed income, the income you receive from drawdown may vary as it is are dependent on the performance of your investments.