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...

SIPPs: Shock as SIPP provider goes into administration

Businessman Builds a TowerThousands of SIPP investors have today learned that their SIPP (Self-Invested Personal Pension) provider has gone into administration. A notice on the FCA (Financial Conduct Authority) website, posted yesterday, says: “Having reached an assessment that it was no longer solvent, EPML (European Pensions Management Ltd) made an application to the court to formally initiate insolvency proceedings.” Administrators According to the FCA website EPML, who offered a range of different SIPPs, has approximately 6,000 customers. According to their website EPML also offered ISAs (Individual Savings Accounts) and SSAS (Small Self-Administered Schemes). Joint ...

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: Budget changes all SIPP investors need to know about

April 4, 2015: Houston, TX, USA - Scrabble tiles spelling CHANGAs the fallout from George Osborne’s Budget earlier this month continues, SIPP (Self-Invested Personal Pension) investors could be forgiven for thinking that there are no impending changes which will affect you. Think again! The Budget introduced a number of changes which will affect SIPP investors. These come on top of other rule changes, which makes now the perfect time to round up all the imminent amendments to pension rules. However, let’s start with two things which aren’t changing. Tax-relief Despite huge speculation before the Budget, ...