InvestAcc Pension Administration

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New Team Mailboxes

As we continue to improve the ways in which you can get in touch with us, we have made some changes to our team mailboxes. You can of course continue to write to us at our postal address, or speak Read more

May 22nd, 2023

Interest rate increase from 1st May 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 May 2023, the interest rate has increased from 1.75% to 2.00% (Annual Equivalent Rate). Interest is Read more

May 19th, 2023

Update on Interactive Investor PTA closures

SIPP customers who have previously used the share dealing services of Interactive Investor will shortly be receiving a further notification from Interactive Investor that they are closing their Pension Trading Account (PTA) and that customers should make alternative arrangements. If Read more

May 2nd, 2023

Consumer Duty Update

Advisers will be aware that we have been working on our Consumer Duty implementation plan. We are delighted to confirm today that our Target Market Statements and Assessment of Value for each of our products has been updated: SIPP Lite Read more

April 28th, 2023

Combining asset types to provide an income

In recent weeks we have seen an increase in the number of advisers using our full Minerva SIPP as a way of solving their client’s income needs in retirement. What types of investments can be held in a Minerva SIPP? Read more

April 21st, 2023

InvestAcc reaches 3,000 commercial property milestone

We are delighted to have reached another important milestone, as our pension schemes now own more than 3,000 commercial property investments, including land, making us one of the UK’s biggest commercial property landlords. Why are we different? We are committed Read more

March 30th, 2023

Interactive Investor PTA closures

SIPP customers who have previously used the share dealing services of Interactive Investor will have received a notification from Interactive Investor that they are closing their Pension Trading Account (PTA) and that customers should make alternative arrangements. If customers wish Read more

March 20th, 2023

HMRC Pension Schemes Newsletter 148

HMRC has released its latest newsletter aimed at pension scheme professionals; topics covered are: Spring Budget 2023 Relief at Source Accounting for Tax (AFT) Returns Event Reporting You can also find a copy, along with previous newsletters, in the Technical Area of Read more

March 16th, 2023

Budget Speech 2023

The Chancellor of the Exchequer, Jeremy Hunt, unveiled his ‘Budget for Growth’ today. It was the first Budget in several years to include some eye catching announcements affecting pensions. Lifetime Allowance to be abolished In an unexpected move, it was Read more

March 15th, 2023

HMRC Pension Schemes Newsletter 147

HMRC has released its latest newsletter aimed at pension scheme professionals; topics covered are: Relief at Source — look up service Public service pension remedy — regulations Accounting for Tax (AFT) Returns You can also find a copy, along with Read more

February 28th, 2023

End of tax year arrangements

Contributions to SIPP Schemes The last date to submit new SIPP applications and contributions to us for the 2022/23 tax year is Wednesday 5th April 2023. Note that as each SIPP has unique bank account details, contributions must be paid Read more

February 28th, 2023

Why would a pension scheme borrow?

As experts in transactions involving commercial property, we handle lots of questions about pension scheme borrowing. Sometimes these loans are to assist with the purchase of a property, but could be for other reasons, and occasionally does not involve any Read more

February 21st, 2023