InvestAcc Pension Administration Limited is a specialist award winning SIPP and SSAS provider, working with authorised Financial Advisers throughout the UK.
The Minerva SIPP is operated by InvestAcc Pension Administration Limited and was launched in 2003 to offer a more flexible approach to retirement planning, together with an efficient and personal service.
At the heart of the Scheme is a cash deposit account which pays a competitive interest rate (although investors are free to choose an account with this, or any other UK authorised deposit taker).
The scheme allows a wider choice of investment over traditional insurance company pension plans, including Commercial Property and Land (which can be held on an individual or group basis, with or without borrowing), Unit Trusts and OEICs, and individual Stocks, Shares and ETFs.
SIPP Lite is based on our Minerva SIPP and is for individuals that don’t require the full range of investment options initially – meaning that we can set very low fees whilst maintaining high quality of service. Plans can be upgraded to the full Minerva SIPP at any time.
InvestAcc SSAS is particularly useful for business owners who want to run their pension affairs alongside the business, taking advantage of legislation unique to SSAS.
We are a specialist SIPP and SSAS Provider, a fully owned subsidiary of InvestAcc Group Limited (a privately owned company).
We have been operating in these markets for over 20 years. The SSAS business was formed in 1997, and in 2003 we launched our flagship product, the Minerva SIPP. The Flexi SIPP (a specialist pooled Family SIPP) was launched in November 2011, and the range was completed by the addition of our latest offering, SIPP Lite, which has been available since July 2012.
In the case of SIPPs, investments are held by a separate company, InvestAcc Pension Trustees Limited, along with the SIPP member as co-trustee. Although we are recognised as the joint legal owners, we have no ability to use any of the scheme assets for our own benefit. The trust structure clearly separates the trading company, InvestAcc Pension Administration Limited, from the assets of SIPP members, in accordance with regulatory requirements and best practice.
For the Minerva SIPP and SIPP Lite, each member will have an account with Metro Bank plc that will be eligible for up to £85,000 protection under the UK Financial Services Compensation Scheme.
Underlying investments made by SIPP members are a matter primarily for them and their advisers, and these investments may or may not be afforded any further financial protections. Note that InvestAcc Pension Administration Limited does not provide financial or investment advice of any kind.
We operate an efficient business model from our base in Carlisle with no borrowings, having grown steadily and organically, rather than by funding expensive acquisitions.
We meet 210% of the regulator's minimum Capital Adequacy requirement (as at 1st November 2019). Being part of InvestAcc Group Limited, we have the benefit of access to further capital, should it be required. We were awarded a B- financial strength rating by AKG Financial Analytics Limited in August 2019.
The strengthening of the FCA's capital requirements, effective 1st September 2016, puts us at an advantage to some of our competitors (whether big or small).
Our plans are to maintain organic growth in the business, delivering high quality service to clients and their advisers.
The ongoing changes to SIPP regulation are something which we embrace and feel will further enhance our position relative to other market participants. For any SIPP providers that acquire, or merge with, other SIPP businesses, we anticipate that they will inevitably have a difficult period of integration of clients and systems. This disturbance may lead to SIPP customers looking for a service like ours.
We have no plans to sell the business for the foreseeable future, and expect it to remain in private and employee ownership for many years to come.