SIPPs: Are SIPP cash investors treated as second class savers?

First ClassDespite interest rates remaining stubbornly low, many SIPP investors still like to hold significant amounts of cash on deposit. We are regularly asked why rates on SIPP deposit accounts are lower than for personal savers. We thought we’d look into this in more detail and ask “are SIPP cash investors second class savers, or is this a myth?” Mandated SIPP bank accounts The first problem SIPP investors have to solve is how to get the best possible interest rate from any short term cash ...

SIPP deposit accounts: New entries, climbers and fallers October 2012

The downward trend in SIPP deposit account interest rates has continued into October, although, for once, there is the odd glimmer of hope that the bottom may have been reached. New entries Unfortunately, no new banks or building societies have entered the SIPP deposit account market this month, indeed we have lost some accounts, including the popular one and two year fixed rates from the Ipswich Building Society. Need advice on your SIPP?...

SIPPs: Interest rates on SIPP deposit accounts fall, what are your options?

As banks come under increasing pressure to reduce mortgage rates, interest rates on SIPP deposit accounts have fallen steadily over the past couple of weeks. We know many investors only hold Cash in their SIPP, the recent rate cuts could therefore cause significant financial pain especially when existing rates mature and the number of competitive accounts are limited. So, if you are a SIPP cash investor, what can you do to improve the return? 1. Fixed rates Need advice on your SIPP?...

Housing round up: prices fall and mortgage fees rise

Housing & mortgage round upIn this week’s housing round up we take a look at the latest Halifax house price survey, evidence that mortgage arrangement fees are getting more expensive and research which shows fixed rate mortgages are getting cheaper. Halifax house price survey The latest Halifax house price survey has shown that prices fell in September by 0.5%, compared to August, this means that according to the Halifax house prices have dropped by 2.3% over the last year, with the average UK house now worth ...