Covid-19

We will be keeping this page updated regularly as guidelines are put in place to deal with Covid-19. Please visit this page in the first instance should you have any queries that could potentially result due to any Government restrictions.

15 July 2021.

We know that many people are concerned about the impact of coronavirus. Like most businesses IPM are monitoring Government advice closely, with the well-being of our team and clients of the utmost importance to us.

We want to assure advisers, clients and our professional connections that we have plans in place to ensure the continuity of our service despite what restrictions may be introduced by the Government. Following on from the most recent announcements, IPM will be operating with staff in the office on a rotational basis throughout the week, with the remainder continuing to work from home. Our phone lines are open, however if you would like to speak to a member of our team you can reach them via email. Our staff list will help you should you wish to contact someone directly. If you are unsure as to who you need to liaise with, please email info@ipm-pensions.co.uk 

The past 18 months months have been challenging for everybody. However, we are proud as to how our team has been able to adapt in these circumstances, ensuring that IPM is able to continue supporting our advisers and clients. We would like to thank advisers, clients and our other professional connections for their patience and co-operation during this period.

Taking Benefits 

In the wake of the Covid-19 pandemic, you may be thinking about your pension and whether you need to make any change to your plans regarding the SIPP which you have with IPM – in particular, if you are aged 55 or over, whether now is the time to either access your pension savings for the first time or take additional income from your SIPP if you have already begun drawing down funds. For any client considering taking benefits from their SIPP during this time, please read the information on this page before making any decisions.

Income Drawdown Payments

Provided that all our usual requirements have been met and there is sufficient monies in the trustee bank account, any clients due to receive a regular income payment should receive this on the usual date. For those clients who elected to received their payslips via post, these will follow in due course. Alternatively if you would like one sent to you via email please get in touch with us.

If you were expecting an income payment and this has not been received, please email info@ipm-pensions.co.uk and we will look into this for you as soon as possible.

SIPPs with Commercial Property

The last eighteen months have been an extremely testing time for businesses in the UK and throughout the world.  With most people staying indoors for extended periods of time, many businesses have experienced significant downturns in trade.  Throughout this time, we have allowed our scheme members to negotiate rent free periods/rental holidays with unconnected tenants, and when dealing with connected tenants we have done our best to help whenever possible.

Inevitably, despite this additional leeway, a number of tenancies have still fallen into arrears and in such cases, we have been notifying our members and asking them to deal directly with the tenants whenever possible.  As we come out of the lockdown, this approach will initially continue, and hopefully most of our tenants who have been in difficult positions will be able to recover.

 

Get in touch

Whether it’s a question about a specific client or SIPPs in general, we are here to help. Call us on 01438 747 151, email info@ipm-pensions.co.uk or complete the form below: