SIPP & SSAS Star Ratings announced

Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel

A stellar year for Moneyfacts SIPP and SSAS Star Ratings 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for the SIPP and SSAS arena.

For self-invested personal pensions, there were 29 Five-Star and 23 Four-Star Ratings.
For small self-administered schemes, there were 14 Five-Star and nine Four-Star Ratings
68 self-invested personal pension products were assessed for 2022, slightly down on last year’s 71. The number of small self-administered schemes available for 2022 stands at 30, also down on last year, by one.
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 for more than 30 years helps inform consumers comparing SIPP and SSAS.

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 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for the SIPP and SSAS arena.

For self-invested personal pensions, there were 29 Five-Star and 23 Four-Star Ratings.
For small self-administered schemes, there were 14 Five-Star and nine Four-Star Ratings
68 self-invested personal pension products were assessed for 2022, slightly down on last year’s 71. The number of small self-administered schemes available for 2022 stands at 30, also down on last year, by one.
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 for more than 30 years helps inform consumers comparing SIPP and SSAS.

This year’s Five-Star awarded providers include:

SIPP: Curtis Banks, Embark Group, LV=, and IPM SIPP Administration Ltd.

SSAS: Rowanmoor, XPS, Whitehall Group and SSAS Pracitioner.com Ltd.

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE FOR SIPP AND SSAS.

This year’s Five-Star awarded providers include:

SIPP: Curtis Banks, Embark Group, LV=, and IPM SIPP Administration Ltd.

SSAS: Rowanmoor, XPS, Whitehall Group and SSAS Pracitioner.com Ltd.

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE FOR SIPP AND SSAS.

David Stevens, Savings and Retirement Director at LV=, said:

“We are delighted that Moneyfacts has awarded LV=’s SIPP a Five-Star rating. This is the eighth consecutive year we have been awarded a Five-Star rating and will enable advisers to recommend LV=’s SIPP to clients with confidence. We hope the award recognises the work we have done to make LV=’s SIPP more flexible, competitive and attractive. Over the past 18 months we have increased the range of funds on offer through the SIPP, including a selection of ESG funds, and we have launched our unique Smoothed Managed Fund for Pension, now with enhanced smoothing from day two of investment.”

Andy Bowsher, Director of Self Invested Pensions at XPS, said:

“The continued Five-Star endorsements from Moneyfacts Star Ratings gives adviser firms another reason to continue recommending our excellent SIPP and SSAS products.”

Paul Downing, Chief Executive Officer at Rowanmoor, said:

“A Moneyfacts five-star rating is fantastic recognition for the quality and technical expertise that our SSAS administration teams provide to advisers and their clients.”

David Stevens, Savings and Retirement Director at LV=, said:

Andy Bowsher, Director of Self Invested Pensions at XPS, said:

“The continued Five-Star endorsements from Moneyfacts Star Ratings gives adviser firms another reason to continue recommending our excellent SIPP and SSAS products.”

Paul Downing, Chief Executive Officer at Rowanmoor, said:

“A Moneyfacts five-star rating is fantastic recognition for the quality and technical expertise that our SSAS administration teams provide to advisers and their clients.”

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.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

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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: