InvestAcc Pension Administration

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Updated range of Fixed Term Deposit accounts for pensions (note that these rates are no longer available)

SIPP and SSAS customers benefit from our banking arrangements, with competitive interest rates and terms. The following range of Fixed Term Deposits from Metro Bank plc is available to Minerva SIPP and SIPP Lite customers, and some SSAS customers. Note Read more

October 20th, 2023

InvestAcc receives AKG financial strength rating

AKG Financial Analytics Limited has published an updated financial strength report on InvestAcc, recognising the continued growth in our business and our prudent approach, maintaining our B- financial strength rating. A copy of the full report is available from us, Read more

October 10th, 2023

Metro Bank update

Following our news article last week, we note developments over the weekend, including Metro Bank’s announcement to the market, made last night: https://www.metrobankonline.co.uk/globalassets/metro-bank-announcement—08082023.pdf In summary, Metro Bank confirms that it has secured a successful capital package that will allow it Read more

October 9th, 2023

Metro Bank

We are aware of press speculation around Metro Bank, and its share price. Metro Bank provides core banking arrangements for Minerva SIPP and SIPP Lite members and for some SSAS schemes. Metro has established itself as a forward-thinking modern bank, Read more

October 5th, 2023

Income strategies for SIPPs

A SIPP is uniquely placed to facilitate access to a wide range of investments within one pension plan. Over time, we see that certain investments gain and lose popularity, depending on market conditions and product innovation. Choosing the right SIPP Read more

September 29th, 2023

InvestAcc wins Best SIPP Provider for the 4th time!

InvestAcc has won Best SIPP Provider and Best Pension Service at the ILP Moneyfacts Awards 2023. We also were awarded ‘Commended’ in the category of Service Beyond the Call of Duty. The trophies were presented at a glittering ceremony held Read more

September 21st, 2023

InvestAcc reaches 11,000 customers

For those following our journey, we are pleased to announce that we now service over 11,000 pension scheme members. We would like to thank everyone who has helped us reach this milestone, including our dedicated team, financial advisers and of Read more

September 14th, 2023

Has Consumer Duty changed how SIPPs are used?

In recent months, we have seen changes in the way some advisers use SIPPs in the light of Consumer Duty, particularly where this has been part of a wider review of their services. In this article we consider why this Read more

August 31st, 2023

New financial adviser firm onboarding process

We have made changes to our process for onboarding new adviser firms, which have not previously used our products and services. New firms will need to complete our Financial Adviser Terms of Business and Registration form and send it to Read more

August 30th, 2023

Interest rate increase from 1st September 2023

Metro Bank provides designated bank accounts for all Minerva SIPP and SIPP Lite customers and trustee bank accounts for some SSAS customers. From 1st September 2023, the interest rate will increase from 2.35% to 2.50% (Annual Equivalent Rate). Interest is Read more

August 25th, 2023

Comparing our SIPP products

We offer two SIPP products, to provide for the needs of different customers. Customers can move from one to the other (see notes below) without needing to transfer or sell their investments. The following comparison looks at some of the Read more

August 23rd, 2023

New fixed term deposit accounts for pensions (note that these rates are no longer available)

SIPP and SSAS customers benefit from our banking arrangements, with competitive interest rates and terms. We are delighted to highlight a new range of Fixed Term Deposits from Metro Bank plc, available to Minerva SIPP and SIPP Lite customers, and Read more

July 31st, 2023