Defaqto enhances SIPP database offering

Additional information now provides IFAs with the interest rates payable on funds held within the default SIPP bank account - a designated bank account where a SIPP provider chooses to place investor money. Gross interest rates and gross Annual Equivalent Rates (AER) are now shown for the following cash balances held within the default SIPP bank account: £1,000; £5,000; £25,000; £50,000; £100,000; £250,000; £500,000; £1,000,000. Matt Ward, principal consultant for pensions and wealth management at Defaqto, commented: "At a time where cash is clearly forming an important component of a S...