SIPP investors 'punished still further' on cash interest rates

SIPP investors ‘punished still further’ on cash interest rates

Jenna Towler
clock

European banking regulations look set to hit SIPP investors' cash interest rates even harder this year. Jenna Towler gauges provider reaction

Self-invested personal pension (SIPP) investors have been warned to brace for even lower interest rates on cash accounts this year as top-level regulations come into effect. SIPP investors holding cash will feel the pinch as a knock-on effect of Basel III, the comprehensive set of reform measures designed to strengthen the regulation, supervision and liquidity of the banking sector. The impact of the changes could total £50m in collective lost interest for the country's 1.2 million SIPP investors, according to Barnett Waddingham head of business development Andy Leggett. "Investors...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

MoneyHelper pension dashboard expected to launch in 2027/28

MoneyHelper pension dashboard expected to launch in 2027/28

Maps CEO says ‘significant’ progress has been made since schemes began connecting to ecosystem

Martin Richmond
clock 21 May 2026 • 2 min read
Up to 15 million not saving enough for retirement, Pensions Commission warns

Up to 15 million not saving enough for retirement, Pensions Commission warns

Report looks at the state of retirement saving in the UK

Holly Roach
clock 19 May 2026 • 3 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 19 May 2026 • 3 min read