Interactive Investor

ii named recommended SIPP provider by Which?

1st August 2022 10:31

Jemma Jackson from interactive investor

Research by UK consumer champion reflects our outstanding value for money and product offering.

  • Research comes from one of the most powerful voices in the consumer world
  • Reflects ii’s outstanding value for money and product offering

In a world full of uncertainty, rising inflation and creeping interest rates, pension charges are one of the few things investors can control to help maximise long-term returns: but that’s only part of the story. 

For the best long-term retirement outcomes, people need great customer service, research tools, information and choice. But are they getting it?

Interactive investor research published earlier this year suggests that almost four-fifths (77%) of people don’t know how much they are paying in charges*. One third say they are in low-risk funds, and another third don’t know their pension risk level. 

ii calculates the price of being in a low-risk fund (rather than one targeting higher growth) and paying high fees could be more than £100,000 over an average worker’s career.

But finding the right pension provider isn’t easy, which is why the Which? latest SIPP review is so important.

A Which? recommended SIPP provider 2022

interactive investor, the UK’s second-largest investment platform for private investors and number one flat-fee provider, is pleased to announce it has been named a 2022 Recommended SIPP Provider by Which?, the UK’s largest consumer organisation.

The news follows a review of SIPP providers by Which?, and reflects ii’s service, customer tools and value for money. 

Richard Wilson, Chief Executive Officer of interactive investor, says: “Pension blind spots are costing British savers a fortune. Potentially life-changing sums of money are all too often being eaten up by high fees and wasted away in the wrong risk strategy, sometimes at the hands of some of the UK’s best known life companies. 

“The best investment platforms can be part of the solution. Great customer service, insights, educational tools, choice, and value for money are key – but trawling through the options isn’t easy. That’s why the Which? research is so important. 

“We are extremely proud to be named a Which? recommended SIPP provider. Our recently launched Pension Builder SIPP completely breaks the industry mould on value and offers outstanding choice. We continue to invest in high-quality content and tools and we won’t stop looking to add value for customers.”

Interactive investor offers:

Pension Builder

In February 2022, interactive investor launched its low-cost, standalone Pension Builder SIPP. It offers outstanding value for money, including:

  • A flat fee of £12.99 a month, irrespective of the size of your SIPP
  • Full choice of funds, investment trusts, ETFs, and direct equities (UK, US and international shares across 17 global exchanges)
  • Free monthly investing into funds, investment trusts, ETFs and popular UK shares

Existing ii customers (or customers wanting the full range of accounts) can add a SIPP for an extra £10 a month on top of their monthly subscription fee, and have the full trading account, ISA, first trade a month free, and and as many free Junior ISAs as they have children.

To view ii’s charges, view here and for a walk through the pension options.

These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.

Important information – SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial adviser before making any decisions. Pension and tax rules depend on your circumstances and may change in future.