Moneyfacts SIPP & SSAS Star Ratings 2023

A stellar year for Moneyfacts SIPP and SSAS Star Ratings 2023

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2023 for the SIPP and SSAS arena.

For self-invested personal pensions, there were 25 Five-Star and 19 Four-Star Ratings.
For small self-administered schemes, there were 13 Five-Star and 8 Four-Star Ratings
A total of 63 self-invested personal pension products were assessed for 2023, slightly down on last year’s 68. The number of small self-administered schemes available for 2023 stands at 28, also down on last year, by two.
More than 40 fields of information per individual product were collected for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality has for more than 35 years helped inform consumers comparing SIPP and SSAS products.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group plc, Financial Services online consumer survey 4/21).

A stellar year for Moneyfacts SIPP and SSAS Star Ratings 2023

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2023 for the SIPP and SSAS arena.

For self-invested personal pensions, there were 25 Five-Star and 19 Four-Star Ratings.
For small self-administered schemes, there were 13 Five-Star and 8 Four-Star Ratings
A total of 63 self-invested personal pension products were assessed for 2023, slightly down on last year’s 68. The number of small self-administered schemes available for 2023 stands at 28, also down on last year, by two.
More than 40 fields of information per individual product were collected for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality has for more than 35 years helped inform consumers comparing SIPP and SSAS products.

This year’s Five-Star awarded providers include:

SIPP: Curtis Banks, I.P.M SIPP Administration Ltd, LV= and XPS SIPP.

SSAS: Curtis Banks, PensionAdmin Ltd, Whitehall Group (UK) Ltd and XPS SSAS.

VIEW THE FULL LIST OF 2023 AWARDED PRODUCTS – PLEASE CLICK HERE FOR SIPP AND SSAS.

This year’s Five-Star awarded providers include:

SIPP: Curtis Banks, I.P.M SIPP Administration Ltd, LV= and XPS SIPP.

SSAS: Curtis Banks, PensionAdmin Ltd, Whitehall Group (UK) Ltd and XPS SSAS.

VIEW THE FULL LIST OF 2023 AWARDED PRODUCTS – PLEASE CLICK HERE FOR SIPP AND SSAS.

Lee Tillcock, Managing Editor of Investment Life and Pensions Moneyfacts, said:

“There is a diverse range of SIPP and SSAS products that individuals can select from, making comparisons potentially complex, but the need for individuals to take more control of their own retirement planning has encouraged a greater demand for self-invested pensions such as SIPPs and SSASs. The Moneyfacts Annual SIPP and SSAS Star Ratings highlight the companies that offer the schemes with the most extensive range of features and competitive charges, helping consumers to direct their focus when considering their options.

“The Moneyfacts Annual SIPP and SSAS Star Ratings concentrate on the individual features of a product that consumers will come across when going through the decision-making process. The ratings therefore provide consumers with an extra seal of approval, which should give them the added assurance that they have found a high-quality product for their retirement needs.”

Lee Tillcock, Managing Editor of Investment Life and Pensions Moneyfacts, said:

Numerous features are considered when assessing the ratings, and some of these include:

Self-Invested Personal Pensions (SIPP)

Minimum contributions and transfers in
Investment options
Number of segments allowed
Set-up and admin fees
Dealing fees
Property purchase fees
In specie fees
Cash transfer fees

Minimum contributions and transfers in
Investment options
Number of segments allowed
Set-up and admin fees
Dealing fees
Property purchase fees
In specie fees
Cash transfer fees

Lifetime annuity availability and charges
Capped drawdown charges
UFPLS availability and charges
Flexi access charges
Transfer out charges
Online valuation availability
Deposit account choice
Product closure charges

Lifetime annuity availability and charges
Capped drawdown charges
UFPLS availability and charges
Flexi access charges
Transfer out charges
Online valuation availability
Deposit account choice
Product closure charges

Small Self-Administered Schemes (SSAS)

Types of service offered
Minimum contributions and transfers in
Number of SSAS
Investment options
Funds under administration
Set-up and admin fees
Property and admin fees
VAT registration and administration charges

Types of service offered
Minimum contributions and transfers in
Number of SSAS
Investment options
Funds under administration
Set-up and admin fees
Property and admin fees
VAT registration and administration charges

Capped drawdown charges
Lifetime annuity availability and charges
Flexi access charges
UFPLS availability and charges
Scheme pension availability and charges
Product closure charges
Transfer out charges

Capped drawdown charges
Lifetime annuity availability and charges
Flexi access charges
UFPLS availability and charges
Scheme pension availability and charges
Product closure charges
Transfer out charges

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

Personal Current Accounts
Personal Credit Cards
Business Current Accounts
Business Credit Cards
SIPP and SSAS
Equity Release
Home Insurance
Home Emergency Cover
Car Insurance
Travel Insurance
Pet Insurance
Private Medical Insurance
Unsecured Personal Loans
Landlord Home Insurance
Commercial Mortgage.

The growing range of providers currently assessed includes:

Savings Easy to Open

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Notes to editors

Pioneering financial comparison technology for over 35 years.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

The growing range of products currently assessed includes: