Rowanmoor Pensions’ Banking

The Royal Bank of Scotland (RBS), provides the banking services for all of Rowanmoor Pensions’ Small Self-Administered Scheme (SSAS), Self-Invested Personal Pension (SIPP) and Family Pension Trust clients.

Following this week’s announcement that RBS will be required to divest part of its branch network and client base and as part of its participation in the Government’s Asset Protection Scheme, banking terms remain as before. Rowanmoor Trustees Limited, as independent trustee, is sole signatory to the account and Rowanmoor Pensions administers its day-to-day operation under instruction from the SSAS and Family Pension Trust member trustees or SIPP member.

The main features of the account are:

• no transaction charges;
• interest payable at bank base rate minus 7/8ths, compounded and credited monthly (gross), subject to a minimum of 0.12% p.a;
• instant access;
• monthly bank statements.