Money News

The 2021 SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Scheme) Annual Moneyfacts Star Ratings have been revealed today, making it easier for consumers wanting to take control of their pension using SIPPs and SSASs to find the best products currently available on the market.

A full list of the five and four star rated SIPP and SSAS products can be found on our SIPP and SSAS star rating page . When deciding which products should be awarded a star rating, a team of experts at Moneyfacts analyse thousands of products across 16 categories, in which extensive analysis of more than 2,000 data fields is done to make the final choice.

Commenting on today’s star rating announcement, Lee Tillcock, editor of Investment Life and Pensions Moneyfacts, said: “The need for individuals to take control of their own retirement planning has never been more important and is reflected in the greater demand for self-invested pensions such as SIPPs and SSASs. There is a diverse range of SIPP and SSAS products that individuals can select from, making comparisons potentially difficult. The Moneyfacts Annual SIPP and SSAS Star Ratings highlight the companies that offer the schemes with the most extensive range of features and competitive charges, helping consumers to direct their focus when considering their options.

“The Moneyfacts Annual SIPP and SSAS Star Ratings concentrate on the individual features of a product that consumers will come across when going through the decision-making process. The ratings therefore provide consumers with an extra seal of approval, which should give them the added assurance that they have found a high-quality product for their retirement needs.”

Consumers can find out more information about SIPPs and whether it is the right pension product for them by reading our SIPPs explained guide.

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

The first week of January is traditionally a time that sees an increase in couples filing for divorce and, after a year of lockdowns putting added stress on relationships, this month may see even more couples deciding to divorce.

Divorce is an extremely stressful process for most people and the impact it can have on finances, especially during this time of economic uncertainty, will add to the pressure. Here we’ve looked at how to organise your finances during a divorce to help ease the stress.

As England enters its third lockdown and Scotland, Northern Ireland and Wales facing tougher restrictions, we’ve looked at the help available to those facing financial difficulties during the latest lockdowns.