Following on the collapse of EPML in November 2016, my SIPP account has been transferred to Suffolk Life as they acquired EPML.
Suffolk Life wrote to all of its customers, who would be affected by the change in Sipp provider. It explained that there was an option to transfer to another Sipp provider without incurring a charge. However, this could only be done with an investor’s transfer instruction.
I have instructed Suffolk Life to transfer the fund in my SIPP account to HL because of the high annual charge incurred even my pension fund is of small value.
They said there is an asset held in Afren plc which has been delisted from the stock market couldn’t be disinvested or transferred to HL. Has anyone experienced this problem in transferring fund between SIPP administrators? Anyone could shed some light on this?


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