Why SIPP cash savers are facing a perfect storm

There’s no getting away from it, over the past few years, since the financial crisis of 2008, life has been hard for savers. Government and Bank of England policy has mean that interest rates have hit record lows and show no sign of increasing, whilst inflation has been a constant concern, threatening hopes of ‘real’ returns. It is often said that it is hard for savers to become investors, usually because they can’t accept the risk to their capital investing brings. This probably explains why so many savers have continued to keep ...

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 ...

SIPPs: Another building society added to our best buy table for SIPP deposit accounts

SIPPs: Another building society added to our best buy table for SIPP deposit accountsWe have been working with a number of banks and building societies over the past few months, to encourage them to offer SIPP (Self Invested Personal Pension) deposit accounts. As a result of these efforts, we are delighted to announce, that the Mansfield Building Society has now launched an account specifically for SIPPs. A mutual heritage Based in Nottinghamshire the Mansfield Building Society was founded in 1869 ...