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: Providers split over final capital adequacy proposals

SIPP logoNearly two years after the original capital adequacy proposals the Financial Conduct Authority has now released their final rules. Most people agree the new rules are a ‘watered-down’ version of those first proposed:   Many SIPP providers, although not all will have to reserve far less capital than they originally thought UK commercial property, as well as other assets such as UK bank accounts, will now be treated as ‘standard assets’ The surcharge for taking in ‘non-standard’ assets will now be based on the number of SIPPs managed rather than the value of assets So ...

SIPPs: Providers split on whether investment choice should be restricted

Providers split on whether investment choice should be restrictedSelf-Invested Personal Pensions (SIPPs) are popular with investors mainly because of the investment flexibility they offer, compared to other forms of pension. However, regulators have warned that some investors, as well as unscrupulous advisers and salespeople, are taking advantage of this flexibility by taking out or selling investments, which may not meet HMRC rules and could therefore lead to unforeseen tax charges. One possible solution, to the problem of assessing whether an investment meets HMRC rules, and therefore avoid a tax penalty, would be ...

SIPPs: Three ways to pay your fees, which is right for you?

SIPPs: Three ways to pay your fees, which is right for you?We’ve been updating SIPP Zone over the past few weeks, which gives information on charges and allowable investments for most SIPPs currently available, and we’ve noticed a couple of interesting trends. Firstly, on the back of new regulatory capital requirements (the amount of cash they have in the bank to you and us!) some SIPP providers have become more restrictive in the types of investment they will allow. Secondly, ...