Mailings

Thursday 4 December 2008

IFA's complain about zero interest in SIPPs

IFA's complain about zero interest in SIPPs.

Unless, that is, you are with The IPS Partnership.

Even with bank base rates at 2%, the Barclays Bank clearing account offered by The IPS SIPP still pays gross interest on cash deposits of 1.4% for balances under £50,000 and 1.6% for balances over £50,000.

The IPS Partnership is resolute in helping the IFA treat customers fairly and our commitment to offering one of the leading deposit rates in the SIPP market is further evidence of this undertaking.

With the security of bank deposits and the interest rates available being a hot topic at present, we strongly suggest you check with the SIPP providers you are considering using to establish their position on these two areas before deciding whether to proceed.

The IPS Partnership