alltrust SIPP
Bank Account Application Form
Self Invested Personal Pension
TRUST ACCOUNT MANDATE AND OPENING OF A TRUST ACCOUNT
To:
Svenska Handelsbanken AB (publ) (the “Bank”)
18 Park Place
Cardiff
CF10 3DQ
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Dear Sirs,
WE, the undersigned:
Client Name
and Alltrust SIPP Limited being the Trustees of the
Scheme Name
alltrust SIPP Known as „the trust‟
hereby request you to open an account or accounts in the name of the trust and in pursuance of this
request, we hand you herewith:
a certified copy of the Trust Deed and any other supporting documentation verifying the appointment of
the Trustees and in cases where there is a corporate Trustee, an up to date copy of the corporate
Trustee‟s constitution.
Without prejudice to any other obligations of Alltrust SIPP Limited under the agreement and without
prejudice to the unlimited liabilities of the Member, it is expressly agreed and understood that the
recourse of Svenska Handelsbanken AB (publ) against Alltrust SIPP Limited will be limited to the
assets held by Alltrust SIPP Limited from time to time as a trustee of the trust.
This limitation of liability will not affect any claim which Svenska Handelsbanken AB (publ) may have
against Alltrust SIPP Limited in the event of fraud on the part of Alltrust SIPP Limited in the
administration of the trust.
We hereby authorise you:(i)
to honour and comply with all cheques, bills of exchange, promissory notes and orders to pay
expressed to be drawn, signed, accepted, made or given by or on behalf of the trust, drawn
upon or addressed to or made payable at the Bank, whether the account or accounts of the trust
is or are in credit or debit or may thereby become overdrawn or otherwise;
(ii)
to honour and comply with any order to withdraw any or all moneys on any deposit or other
account or accounts of the trust with the Bank and any instruction to deliver or dispose of any
securities, documents or other property of the trust from time to time in the possession of the
Bank including in any such case any such order or instruction given by facsimile transmission;
and
(iii)
to accept and act on any application or request for the issue to, and use by, the Trustees of the
Bank‟s internet or other electronic payment services provided from time to time and the
acceptance by the Trustees of the conditions relating thereto;
Provided that the same are signed by Alltrust SIPP Limited.
You shall be entitled to act and rely on any notice signed as aforesaid notifying you of any change in
the number or identity of persons constituting the authorised signatories to this mandate.
We hereby authorise you to combine any account or accounts in the name of the trust (at whatever
branch and in whatever currency denominated) with any other such account, and pending payment in
full of any sum due and payable by the trust to you, but unpaid, to exercise any lien over any securities,
documents or other property of the trust from time to time held by you.
In consideration of any overdraft or debt due to you which you may permit on any account or accounts
in the name of the trust we agree to be jointly and severally liable therefor together with all interest,
commission and other banking charges and expenses computed according to your usual mode which
you may from time to time charge.
This letter of authority and our liability hereunder shall be continuing.
We acknowledge having received from you a copy of the Business Banking Terms and Conditions and
accept such terms as they apply to the accounts we request you to open from time to time. We accept
and acknowledge that you have the right to (i) decline to open an account for us and/or add a signatory
or beneficiary to our account(s) in accordance with condition 2.1 of the Individual Banking Terms and or
Conditions/condition 3.2 of the Business Banking Terms and Conditions and/or (ii) in any other
circumstances provided that you act reasonably.
This mandate shall be governed by and construed in accordance with English law.
Yours faithfully
Signed by the Member
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Signed on behalf of Alltrust SIPP Limited
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Account Name
Address for Correspondence
Alltrust
Imperial House, Imperial Way, Newport NP10 8UH
DATA PROTECTION ACT
By signing this document each of the signatories below agrees and confirms that:
a) you may use the information we have provided to help you meet your legal and regulatory
obligations and for any other purposes that you reasonably consider necessary, you may
disclose information you hold about us to, and search the records of, licensed credit reference
agencies and other organisations that help you and others make credit decisions or in the
course of carrying out identity and credit control checks, including information from the Electoral
Register. You may disclose information you hold about us to fraud prevention agencies in order
to prevent fraud and money laundering, if we provide you with false or inaccurate information
which leads to fraud being identified;
b) we are entitled to disclose information about any other authorised signatories or anyone else
referred to by us and to authorise you to search and/or record information as aforesaid about
each of us/them; and
c) you may use the information you hold about us and any such trustee in accordance with
Condition 11 of the Business Banking Terms and Conditions. In particular you may use this
information to enable you to give us information about products and services offered by you (or
by other companies in your group or selected third parties) which you believe may be of interest
to us.
If you do not wish to receive marketing information, please tick this box.
Further details explaining how the information held by fraud prevention agencies may be used can be
obtained by contacting us at [email protected] or asking in your branch or by writing to
Handelsbanken Compliance, 3 Thomas More Square, London, E1W 1WY.
VERIFICATION OF IDENTITY
Required for all accounts unless specifically advised to the contrary.
To open a bank account we are required by law to verify your identity. To enable us to do this please
provide one item of identification from each of the following lists for all Authorised Signatories. By Law
we are not able to accept photocopies of these documents.
Identification List A
Identification List B
Must be original and not more than 3 months old
Full Passport
Bank, Building Society or Mortgage Statement for
home address (covering a six months period)
National or Employees Identity Card (with
signature and photograph)
Utility Bill (not a telephone bill) for home address
Full UK Driving Licence (or UK Photo-Card
Licence including paper counterpart)
Local Authority Tax Demand (for current year)
In common with other banks and building societies, we observe detailed account opening procedures.
When you open an account we may ask for additional information to confirm your identity. In the event
that these requirements are not satisfied and funds are lodged, we may suspend operations on the
account until identity is established.
DETAILS OF TRUSTEES
Name of Member Trustee
Address*
Post Code
Date of Birth
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Mother‟s Maiden Surname**
Specimen Signature
* If you have lived at this address for less than 3 years please provide your previous address and a complete three year history on a separate
sheet of paper.
** This information is required as a challenge question for security reasons and may be requested to identify you in your enquiries with us from
time to time.
Name of Professional Trustee
Alltrust SIPP Limited
Address
Imperial House, Imperial Way, Newport NP10 8UH
STATEMENT DETAILS
Statements will automatically be sent to the Member at the above address as well as the Trustee of the
Scheme.
Frequency of Statements
Monthly
Quarterly
Annual
If Annual, Month of Statement Issue
Authorised and Regulated by the Financial Conduct Authority for SIPP business
is a registered trademark of Alltrust Services Limited. Registration Number 5365396.
Registered Office: Imperial House, Imperial Way, NEWPORT NP10 8UH.
A-SIPP A5 (06/15) [May15]
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SIGNATORY ARRANGEMENTS
In authorising payments in relation to the SIPP Bank Account, Alltrust will make use of the electronic online
system provided by Svenska Handlesbanken AB (publ). This system allows Alltrust to make payment
electronically and will not require the Member‟s specific participation in this process. In signing this
application form, the Member accepts and agrees to this process and the following conditions.
Please Tick
Joint Signatory
Joint Signatory means that Alltrust will only arrange a payment from the SIPP Bank Account
where the Member has signed a form that authorises the release of the monies.
This form will be irrevocable and in a format determined by Alltrust and will specify the
receiving account details, the party being paid and also the amount to be transferred. This
document will need to be signed by the Member and returned to Alltrust before a payment can
be made.
Please note that this authority will not be required where fee payments are being made to
Alltrust, the Member‟s appointed financial adviser, or another adviser appointed to act on
behalf of the Member (such as a solicitor) in relation to a specific transaction.
Sole Signatory
Sole Signatory means that Alltrust will be authorised to arrange a payment from the SIPP Bank
Account based on Alltrust being satisfied as to suitable evidence of intent by the Member
(which payment(s) the Member hereby authorises Alltrust to make). For the avoidance of doubt
Alltrust‟s sole discretion as to what constitutes suitable evidence of intent shall be final and
conclusive.
Examples of suitable evidence of intent will be:
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Investment Application forms signed by the Member;
Property Purchase documents signed by the Member;
Other Investment Documentation signed by the Member that demonstrates a
commitment to making the investment;
In some situations, authorisation given by the Member‟s appointed Financial Adviser,
whether verbal (provided suitable authority exists) or written;
Verbal or other written confirmation from the client, including e-mail and facsimile
communications.
This list is not exhaustive. Accordingly, a separate specific authority will not be required from
the Member in order for Alltrust to make payment to another party from the SIPP Bank
Account. The Member also fully indemnifies Alltrust against any losses or costs incurred by it
as a result of:
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not proceeding with a payment should Alltrust not deem sufficient evidence of intent
exists; or
making a payment which the Member subsequently seeks to cancel.
Signed by the Member
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