Rowanmoor Pensions adds Investec Bank as a SIPP Investment Partner
6 May 2011
Rowanmoor Pensions, the UK’s largest independent Small Self-Administered Scheme (SSAS) provider and a bespoke Self-Invested Personal Pension (SIPP) operator, has added Investec Bank to its list of SIPP investment partners.
The move will enable members of a Rowanmoor Pensions SIPP to access Investec’s Fixed Term Deposit Account, Pension and Trust Reserve Account and the Investec Income Account, created specifically to suit the SIPP and SSAS market. Rowanmoor Pensions has waived its usual direct investment charge for accounts established with Investec Bank, via its SIPP.
A streamlined administration process has been established, providing specialised support and faster transactions and online valuations will be available via Rowanmoor Pensions’ SIPPView service.
Robert Graves, Head of Pensions Technical Services at Rowanmoor Pensions, said:
“The addition of Investec Bank as a SIPP investment partner is the latest development in our commitment to providing our SIPP clients with additional value, over and above maximum investment flexibility. The streamlined administration process will enable clients to benefit from faster transactions and we are looking forward to the extra value our association with Investec Bank will provide to our SIPP clients.”
Lionel Ross, Investec Bank commented:
“Investec Bank is delighted to be working with Rowanmoor Pensions to enhance the cash deposit proposition offered to their clients. In this low interest rate environment, it is vital that investors are receiving competitive rates on the cash component of their portfolios in order to maximise overall returns. As an investment partner of Rowanmoor Pensions, Investec Bank can ensure that clients have access to flexible accounts, which pay competitive rates within a streamlined administration process.
“Over the years Rowanmoor Pensions has earned a reputation for their outstanding service and investment flexibility while prioritising their customers’ needs, which is a philosophy that underpins every aspect of Investec’s specialist banking services.”
The special arrangements can also be accessed by members of Rowanmoor Pensions’ SSAS and Family Pension Trust (Family SIPP) products.
For further information on Rowanmoor Pensions’ SIPP investment partners and Investec Bank please visit http://www.rowanmoor.co.uk/sipp/investment-partners/
- Ends –
For further information, please contact:
Rowanmoor Pensions
Robert Graves
Head of Pensions Technical Services, Rowanmoor Pensions
08445 440 716
robert.graves@rowanmoor.co.uk
Anna Hopkinson
Marketing Manager, Rowanmoor Pensions
08445 440 667
anna.hopkinson@rowanmoor.co.uk
Redleaf Polhill
Jenette Greenwood/James Bishop
020 7566 6700
j_greenwood@polhill.com / j_bishop@polhill.com
About Rowanmoor Pensions
- Rowanmoor Pensions provides and administers member-directed pension schemes:
- Small Self-Administered Schemes (SSAS)
- Self-Invested Personal Pensions (SIPP)
- Family Pension Trusts (also known as Family SIPPs)
- Rowanmoor Pensions is the UKs largest independent SSAS and Family Pension Trust practitioner and administers around 4,000 schemes.
- Rowanmoor Pensions’ SIPP features:
- personal, portfolio based, administration service;
- expert support from technical and sales consultancy teams;
- extensive flexibility and choice at retirement, including scheme pension;
- widest investment opportunities available in the SIPP market;
- integrated links to investment partners’ systems;
- streamlined process for settling adviser fees.
- Rowanmoor Pensions was awarded best SSAS provider in the 2008, 2009 and 2010 Moneyfacts Investment, Life and Pensions Awards.
- Rowanmoor Pensions was awarded best SSAS provider in the 2006, 2007 and 2008 Pensions Management Technology Administration and Service Awards.
- The Rowanmoor Pensions website is uat1.rowanmoor.co.uk
- Rowanmoor Pensions currently employs over 200 people.
- Rowanmoor Pensions is a trading name of Rowanmoor Group plc (No. 5792242).
- Rowanmoor Personal Pensions Limited, a subsidiary of Rowanmoor Group plc is the scheme Administrator and scheme operator for schemes established under a Rowanmoor Pensions Family Pension Trust and the Rowanmoor Pensions SIPP and is authorised and regulated by the Financial Services Authority (Register number 458260).
Investec Bank Plc
- Investec Bank is the savings and deposits arm of Investec Plc. Investec Bank plc (Reg. No. 489604) of 2 Gresham Street, London, EC2V 7QP. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange. Investec Bank plc is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
