Beneficiary provider search

gardenofroses

Hi, my brother is due to receive a beneficiary pension and as I have Power of Attorney for his finances I am looking for SIPP providers who would be willing/able to receive the pension and allow drawdown when he needs it. Does anyone know if there is somewhere I can get a list of providers that do this or any providers that anyone has used for a beneficiary pension? Thank you

Marcon

I'm not sure there's a list as such, but if you google on 'which sipp providers accept beneficiary pension', that'll get you names of the major providers who offer what you're looking for.

poseidon1

You may find the following thread of interest, particularly @ClarityInvestUK's analytical response -

https://forums.moneysavingexpert.com/discussion/6651199/transferring-an-inherited-pension-to-an-interactive-investor-sipp

Based on the above thread, AJ Bell maybe the most seamless provider in this space, although Interactive Investor's competitive fees for large sipp pots might be appealing.

dunstonh

All the major ones offer beneficiary drawdown. It might not be available with some of the newer players.