SIPP cash returns 'unacceptable' say pensions IFAs

The research suggests 14% of SIPP and 12% of SSAS investors only receive the Bank of England base rate or less on their cash deposits. Over a quarter of advisers estimate their SIPP investors receive 1% or less interest on their cash deposits and 59% receive a return of 2.5% or less, research by Investec suggests. In addition, 31% of these IFAs estimate their SSAS investors collect 1% or less in interest and 55% estimate their clients earn 2.5% or less on their cash deposits. Many savers are not achieving the best returns on their pension cash, a situation set to increase as more in...