Partner-introduced SIPP Important Account Information

Scheme Trustee - Information for operating the account 

Account funding instructions for the scheme Trustee

Please be aware that Saxo is unable to accept any direct funding received from individual members, i.e. Policy Holders. Any funding to Saxo must be received directly from the scheme Trustee.

In accordance with the FCA’s Client Money Rules, all Retail Client funds are held in one or more segregated bank accounts. To ensure any funding is directly received into one of our segregated bank accounts, please remit your funds directly to Citibank using the below details, indicating Saxo Capital Markets UK Ltd as the Beneficiary and Saxo Client ID (see above) that belongs to the SIPP Trading Account for this Policy Holder as the reference to ensure the funds can be credited to the correct trading account.

For settlement details, please click here. If you wish to fund your account with equities, please contact your Introducing Broker.

Please use the correct settlement instructions for the currency in which your account is denominated. This avoids unnecessary conversion by your issuing bank and ensures Saxo receives the correct currency.

Account statements

Scheme Trustees can obtain or request statement of an account valuation summary by email from the address held on record (as stated in the application) or via CSV files. Please contact us should you require further information.

Disclosure of Saxo’s commission sharing arrangements

Your Introducing Broker has introduced you to Saxo. As a result, commission sharing arrangements are in place. You should be aware of the following:

1. Your Introducing Broker receives commissions, fees, and other income (“Trading Commissions”) based on your transactions with Saxo.
   
   
2. The payment of Trading Commissions may result in you paying more than Saxo’s standard retail rates.
   
   
3. The amount of Trading Commissions earned by your Introducing Broker in respect of your transactions can generally be determined as the difference between the following two sets of prices multiplied by the notional traded amount:
   
   
   1. the individual Target Spread/Rates that are shown on the Trading Platforms in the Trading Condition window under the "Account" menu; 
   2. the Retail Target Spread/Rates as displayed on Saxo’s website, https://www.home.saxo/en-gb.
      
      
4. The specific Trading Commission earned by your Introducing Broker in respect of your transactions may be higher or lower than the Trading Commission as set out above.  In certain cases, Saxo may retain a share of the commission, which will lead to lower Trading Commission being paid to your Introducing Broker. In other cases, the commission may be calculated on the basis of lower spreads which lead to higher Trading Commissions. 
5. The amount payable by Saxo to your Introducing Broker can be up to 90% of the Trading Commissions that Saxo receives as a result of your transactions.
   
   
6. The above spreads and commissions, and deviations of spreads and commissions may change over time. Upon written request, Saxo can provide the specific Trading Commissions paid to your Introducing Broker as a result of your transactions.

Further information on Trading Commissions can be found in your Performance Report. You can access the Performance Report through your login link provided above. If you need any further information, please contact us, or your Introducing Broker directly.

Policy Holders - Information for operating the account

Account funding instructions 

Please be aware that Saxo is unable to accept any direct funding received from individual members. Any funding to Saxo must be received directly from the scheme Trustee.

Account statements 

Scheme Trustees can obtain or request statement of an account valuation summary by email from the address held on record (as stated in the application) or via CSV files. Please contact us should you require further information.

Disclosure of Saxo’s commission sharing arrangements

Your Introducing Broker has introduced you to Saxo. As a result, commission sharing arrangements are in place. You should be aware of the following:

1. Your Introducing Broker receives commissions, fees, and other income (“Trading Commissions”) based on your transactions with Saxo.
   
   
2. The payment of Trading Commissions may result in you paying more than Saxo’s standard retail rates.
   
   
3. The amount of Trading Commissions earned by your Introducing Broker in respect of your transactions can generally be determined as the difference between the following two sets of prices multiplied by the notional traded amount: 
   
   
   
   1. the individual Target Spread/Rates that are shown on the Trading Platforms in the Trading Condition window under the "Account" menu; 
      
      
   2. the Retail Target Spread/Rates as displayed on Saxo’s website, https://www.home.saxo/en-gb.
      
      
4. The specific Trading Commission earned by your Introducing Broker in respect of your transactions may be higher or lower than the Trading Commission as set out above.  In certain cases, Saxo may retain a share of the commission, which will lead to lower Trading Commission being paid to your Introducing Broker. In other cases, the commission may be calculated on the basis of lower spreads which lead to higher Trading Commissions. 
   
   
5. The amount payable by Saxo to your Introducing Broker can be up to 90% of the Trading Commissions that Saxo receives as a result of your transactions.
   
   
6. The above spreads and commissions, and deviations of spreads and commissions may change over time. Upon written request, Saxo can provide the specific Trading Commissions paid to your Introducing Broker as a result of your transactions.

Further information on Trading Commissions can be found in your Performance Report. You can access the Performance report through your login link provided above. If you need any further information, please contact us, or your Introducing Broker directly.