InvestAcc Pension Administration

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Could a cash management platform help boost returns from your pension?

Cash tends not to be the best investment over the long term, but for some people, holding some cash can be worthwhile either at a specific time, to cover known expenditure or potential emergencies, or as part of a diversified portfolio. Many cash investments are available on an instant access basis, providing lots of liquidity.

In recent years we have seen an increase in popularity of cash management platforms, which aim to boost returns and/or spread risk for the customer, particularly maximising coverage of the £85,000 Financial Services Compensation Scheme (FSCS) limit, by spreading deposits across mutliple banking institutions (provided they are not covered by the same banking licence). You can read more about the FSCS here:

A good cash management platform will offer a range of competitive rates (sometimes exclusive to them) and easy account set up and management. We allow most of these platforms via our pension products, and once the account has been established, customers and/or their advisers can operate the account online.

If you would like to know more about how a cash management platform could benefit you, please contact your financial adviser. Note that InvestAcc does not provide advice of any kind.

April 18th, 2024