InvestAcc Pension Administration

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New illustrations from 6th April 2014

The Financial Conduct Authority’s rules for SIPP illustrations changed on 6th April, and regular users of our products and services will note the key differences which are:

  • The introduction of new rules, which limit the highest assumed projection rates to 2% (lower), 5% (mid) and 8% (upper).
  • A new rule that stipulates a fixed gap of 3% between each of the lower, mid and upper rates.
  • An allowance must be made for 2.5% inflation in growth illustrations (i.e. non-drawdown), which therefore further reduces the maximum projection rates by 2.5% to -0.5% (lower), 2.5% (mid) and 5.5% (upper). All our inflation adjusted illustrations will therefore contain at least one projection assuming a negative real return, in common with all other companies.

Illustrations can be requested using our online form by clicking here.

April 10th, 2014