The Select Retirement Account

What is our Select Retirement Account?

Our Select Retirement Account is a Self Invested Personal Pension (SIPP) that enables you to invest your money in two distinct types of investments – Cash and Asset Backed, with the proportion invested in each chosen by you.

The Cash element invests in a range of instant access accounts and fixed term deposits from an institutional panel managed by Assured Retirement. The fixed term may be from 1 to 5 years and offers you a personalised mix of benefits that you select at outset and shape to suit your personal circumstances.  

The Asset Backed element invests in either an investment platform chosen by you and managed by your financial adviser and/or a choice of five IM Optimum risk rated model portfolios managed on a discretionary basis by Quilter Cheviot.

How does it work?

It offers you the ability to combine the certainty of cash investments and the long term growth potential of asset backed investments within the same SIPP.

This gives you the ability to separate part of your pension where the certainty offered by cash is helpful, for example short term income requirements, and the remainder, where the longer term growth potential offered by asset backed investments can provide real returns in excess of inflation.

Cash investments are made with one or more of the financial institutions on our panel, which is reviewed regularly and consists of banks and National Savings and Investments (NS&I).

All institutions within our panel are authorised to do business in the UK by the Financial Conduct Authority and are covered by the Financial Services Compensation Scheme (FSCS). The FSCS protects your deposits up to £85,000 per person, per authorised firm. NS&I is not part of the FSCS but is an Executive Agency of the Chancellor of the Exchequer and any money invested with NS&I will be 100% secure as they are backed by HM Treasury, with no overall limit on how much is guaranteed.

What flexibility does it offer?

We believe our account is one of the most flexible arrangements available:

  • It enables you to de-risk your drawdown portfolio
  • It enables you to tailor the mix of cash and asset backed investments to suit your needs
  • It enables you to change the mix of cash and asset backet investments over time
  • it enables you to invest in a choice of risk rated model portfolios and/or choose your own investments via a platform
  • The cash element provides you with certainty and market leading cash returns
  • The cash element only invests with FCA regulated institutions that are participants in the FSCS or with NS&I who are backed by HM Treasury
  • The cash element limits your exposure to any single financial institution to the current FSCS maximum, including future interest
  • The cash element offers access to a range of financial institutions via an extensive panel that is regularly reviewed
  • We have a low charge that is fully disclosed within every personal quotation

This summary is intended to highlight some distinctive features of the Select Retirement Account. It is not intended to be a comprehensive description of the product and should be read in conjunction with the Customer Guide and Key Features Document of the Select Retirement Account. You should not take, or refrain from taking, any action based on this information. This information is not advice and if you are unsure about the suitability of an investment, you should seek Independent Financial Advice.