Who is InvestAcc Pension Administration Limited?
We are a specialist SIPP and SSAS Provider, a fully owned subsidiary of InvestAcc Holdings Limited.
How long have you been operating SIPP and SSAS products?
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 range is completed by SIPP Lite, which has been available since July 2012.
What financial protections do I have?
SIPP investments are held by a separate company, InvestAcc Pension Trustees Limited, along with the SIPP member as co-trustee. Although InvestAcc Pension Trustees Limited is recognised as the joint legal owner, 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 Minerva SIPP and SIPP Lite plans holding an account with Metro Bank plc, deposits are eligible for up to £85,000 protection under the UK Financial Services Compensation Scheme. See www.metrobankonline.co.uk for more details.
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. You can read more about this here: www.fscs.org.uk/
Note that InvestAcc Pension Administration Limited does not provide financial or investment advice of any kind.
What is your capital adequacy position?
We operate an efficient business model from our base in Carlisle, having grown steadily and organically since 1992.
We meet 266% of the regulator’s minimum capital adequacy requirement as at our last company year end, 31st October 2023. Being part of InvestAcc Holdings Limited, we have the benefit of access to further capital, should it be required.
We have been awarded a B- rating for financial strength, by AKG Financial Analytics Ltd. You can download a copy of the most recent report here.
What about the future?
Our plans are to maintain organic growth in the business, delivering high-quality service to clients and their advisers.