In the Spotlight: InvestAcc

Spotlight InvestaccIn the latest of our ‘In the Spotlight’ articles we catch up with Nigel Bennett, Sales & Marketing Director at InvestAcc. Investment Sense: InvestAcc have been offering self-invested pensions for almost 20 years now, but it’s probably fair to say that you are not the most high profile of SIPP providers, can you start by telling us a bit more about InvestAcc’s history? Nigel Bennett of InvestAcc...

5 things to think about when you choose a SIPP and cost isn’t one of them!

I have an IdeaChoosing the right SIPP isn’t an easy task, the number of options is frankly bewildering, even to seasoned investors or advisers. So where should you start? The answer to that question is all too often: “with charges” or “with the cheapest SIPP”. Both are wrong. Of course, we all like getting value for money, but it isn’t the most important thing when choosing a SIPP. To be honest, it isn’t even in the top five things you should be considering. So what are? Read on and we’ll tell you. 1. Suitable investment choice In ...

SIPPs: Why SIPP fees might be about to rise

Why SIPP fees might be about to riseFears are growing that investors in Self-Invested Personal Pensions (SIPPs) could see fees rise sharply following an increase in the cost of regulation. All SIPP providers pay fees to the Financial Conduct Authority (FCA), as well as an annual levy to the Financial Services Compensation Scheme (FSCS), which “pays compensation if a firm is unable, or likely to be unable, to pay claims against it.” Miss-selling and toxic investments As anyone who has read our blogs over the past few years will know, the self-invested pension ...

SIPPs: 5 reasons to use a deposit account in your SIPP

5 reasons to use a deposit account in your SIPPDespite interest rates remaining stubbornly low, the best buy table for SIPP deposit accounts is still the most popular page on our website. SIPPs, or Self-Invested Personal Pensions to give them their full title, are becoming increasingly popular, with the range of investments allowed, as well as the introduction of Pensions Freedom, behind their increased popularity. So with interest rates so low, why would you want to hold a deposit account in your SIPP? Here are five possible reasons. #1: You want to reduce the ...