Latest banking news

Inflation all wrapped up

Oliver Roylance-Smith / 01 February 2012

Recent weeks have provided confirmation of the interest rate status quo from the Bank of England along with the release of the latest inflation figures from the Office for National Statistics. Combi... Read more

Inflation and interest rates - what it means for you

Oliver Roylance-Smith / 01 February 2012

In the last fortnight we have had a further vote on the base rate by the Bank of England’s Monetary Policy Committee as well as the revised inflation figures released by the Office for Nationa... Read more

Savings vs Inflation

Oliver Roylance-Smith / 29 November 2011

With so much uncertainty surrounding what will happen to inflation in the future, we review the current range of savings plans and see how their returns stack up against the rising cost of living. F... Read more

Savings Account Guides 

SIPP Charges
 Do you know how safe your savings are? Should you choose a fixed rate or a bonus rate? Our useful savings guides could help you to make the most of your money.
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Latest savings commentary

Inflation all wrapped up

Oliver Roylance-Smith / 01 February 2012

Recent weeks have provided confirmation of the interest rate status quo from the Bank of England along with the release of the latest inflation figures from the Office for National Statistics. Combi... Read more

Savings vs Inflation

Oliver Roylance-Smith / 29 November 2011

With so much uncertainty surrounding what will happen to inflation in the future, we review the current range of savings plans and see how their returns stack up against the rising cost of living. F... Read more

What will happen to inflation

Oliver Roylance-Smith / 15 November 2011

With the spotlight well and truly on inflation, we take a look at the latest events that will have an impact on its future and consider what this might mean for savers. Bank of England holds firm Th... Read more

Latest investment commentary

What lies in store in 2012

Oliver Roylance-Smith / 10 January 2012

2011 has certainly been a year of strong themes which have dramatically shaped the market as well as the opportunities available for savers and investors. We take a look at what these have been and ... Read more

A review of the FTSE in 2011 and what we can learn

Oliver Roylance-Smith / 10 January 2012

The FTSE is one of the most important indicators of investment performance and acts as a key benchmark for many investors in the UK. For this reason we take a look back at 2011 and review what happe... Read more

Our Top 10 most popular plans in 2011

Oliver Roylance-Smith / 09 January 2012

With 2012 well underway, there is already a competitive range of plans available across a wide number of plan types, whether you are looking for traditional savings routes, investments with the pote... Read more

Pension Deposit Accounts

Compare pension deposit accounts...

Pension deposit accounts are available to pension fund trustees and act as a savings account for your business's pension funds. By depositing pension scheme cash into a pension deposit account, you can enjoy a competitive rate of interest whilst awaiting a suitable opportunity to invest that cash in alternative assets such as equities and bonds.

We do not currently have any pension deposit accounts available. However, you can apply for a selection of pension deposit accounts through the Fair Investment SIPP, or you could consider structured deposits, which offer the potential for higher returns, based on the performance of the FTSE 100 Index, with capital protection - see below for more information:

Cash Pension Options
ProviderAccountMinimum DepositTermRate (AER)More Info
£10,0005 Years4.60%More Info
A 5 year deposit account paying a fixed rate of 4.60% annually, 4.52% quarterly, or 4.50% monthly
£10,0003 Years3.75%More Info
A 3 year deposit account paying a fixed rate of 3.75% annually.
£50,000No fixed Term2.00%More Info
A deposit account paying a variable rate of 2.00% on balances above £50,000, or 1.75% variable on balances of £500-£49,999.

Pension Structured Deposits - Income
 Product NameISA OptionIncome YieldMore Info
FTSE Income Deposit Planno7.25%
per annum		More Info >
A 6 year capital protected structured deposit plan with the potential to pay 7.25% annual income.
Pension Structured Deposits - Growth
ProviderPlan NameMaximum Potential Return*TermMore Info
Inflation Protected Deposit BondRPI Tracker 5 yearsMore Info >
5 year capital protected structured deposit plan offering a fixed return of 16% or 100% of any growth in the Retail Prices Index with no cap. Also available to businesses and charities.
FTSE 100 3 Year Deposit Plan 19%3 yearsMore Info >
3 year capital protected deposit plan with the potential to receive a defined return of 19%.
FTSE 100 Kick Out Deposit Plan - Option 26.25%
per annum		Up to
5 years		More Info >
Capital protected deposit plan with the potential to mature after years 2, 3, 4 and 5. If the plan matures early it will return 6.25% times the number of years the plan has been in force.
FTSE 100 Kick Out Deposit Plan - Option 16.00%
per annum		Up to
5 years		More Info >
Capital protected structured deposit plan with the potential to mature after years 1, 2, 3, and 4. If the plan matures early it will return 6% times the number of years the plan has been in force. Also available to charities and businesses.
Moneybuilder5.75%
per annum		6 yearsMore Info >
A 6 Year capital protected structured deposit plan with the potential to pay 5.75% per annum, up to a maximum of 34.5% over 6 years. Also available to businesses and charities.
Growth Deposit Bond50%6 yearsMore Info >
6 year capital protected structured deposit plan which returns the greater of 8.00% or, if greater, 1 x any FTSE 100 growth, capped at 50%.
Enhanced Growth Plan40%5 yearsMore Info >
6 year capital protected structured deposit plan which aims to return 1.5 x any FTSE 100 growth capped at 40%. Available to businesses and charities.
Annual Locked-In Return Plan36%6 yearsMore Info >
6 year capital protected structured deposit plan which aims to return 6% annual growth capped at 36%. Also available to businesses and charities.
FTSE 100 Deposit Growth PlanNo limit5 yearsMore Info >
5 year capital protected structured deposit plan which aims to return 1.0 x any FTSE 100 growth.
* Maximum Growth Yields are not guaranteed and subject to certain conditions
Cash held within a pension deposit account could be used to pay ongoing pension fund income withdrawals, if appropriate, rather than encashing invested assets.

Pension deposit accounts could benefit your business in a number of ways, including:

  • They can offer competitive variable or fixed interest rates
  • Some accounts allow instant withdrawals, giving you more flexibility
  • Receive interest either monthly or annually depending on the account

 

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