SIPP and SSAS

OUTLINE OF CRITERIA AND RANKINGS

Group plcMoneyfacts®

OUTLINE OF CRITERIA AND RANKINGS2

MONEYFACTS STAR RATINGS

Moneyfacts Group is the UK’s leading provider of personal finance data, nationallyrecognised as the foremost source of independent data and commentary on the UKfinance market. With almost 30 years of historical data, experience and knowledge,Moneyfacts provides decision-making information to industry bodies, banks, buildingsocieties, intermediaries and consumers.

Moneyfacts data is used throughout the UK Financial Industry. It is used by the Bank ofEngland, British Banking Association, Building Societies Association, Council of MortgageLenders, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury,Prudential Regulatory Authority, and by virtually every UK bank and building society. Italso powers many of the UK’s financial comparison websites.

Who is Moneyfacts?

What are Moneyfacts Star Ratings?Moneyfacts has used its in-depth research into the Self Invested Personal Pension (SIPP)and Small Self Administered Scheme (SSAS) market to produce a new method ofevaluating the quality of today’s products. As the aim is to find stellar products, we havenaturally called this classification the ‘Moneyfacts Star Ratings’. The annualMoneyfacts Star Ratings allow providers and consumers to compare all the importantcharges and features of current products in the market.

MethodologyA numerical scoring system is used to calculate the annual Moneyfacts Star Ratings, with values are allocated to each relevantfeature of the product. Each of these scores is weighted according to the deduced benefit to the consumer or company and therelative cost.

OUTLINE OF CRITERIA AND RANKINGS3

STAR RATINGS CRITERIA FOR SIPP AND SSAS

The annual Moneyfacts Star Ratings criteria isbased on the weighting of specific productfeatures, with emphasis placed on features thatcould be of most relevance to a consumer orcompany. Using our vast knowledge gainedfrom the gathering of comprehensiveinformation and analysis, values are thenallocated based on the product’s flexibility andcharges.

Direct information from providers and feedbackfrom the industry allows further insight into whatfeatures are deemed to be most desirable in thecurrent market.

Moneyfacts holds over 50 fields of informationper individual product, all of which is availablefor assessment, and this data is continuallyupdated.

Features are also constantly reviewed in linewith market changes, giving distinction betweenindividual products.

The annual Moneyfacts Star Ratings allow theconsumer to choose with confidence the productthat most suits their needs in terms of qualitybefore considering the product based on value.

Moneyfacts Star Ratings have been appliedseparately to Self Invested Personal Pensionsand Small Self Administered Schemes.

OUTLINE OF CRITERIA AND RANKINGS4

From the extensive research data available for each product, a considerablenumber of these are used for Star Ratings analysis. Some of the informationconsidered is as follows but other features will also add to any final score:

SSASTypes of service offered

Minimum contributions and transfers in

Number of SSAS

Funds under administration

Set-up fees

Annual admin fees

New member fees

Property purchase fees

Property annual administration fee

Property sale fees

VAT registration and administration charges

Capped drawdown charges

Lifetime annuity availability and charges

Flexi access charges

UFPLS availability and charges

Scheme pension availability and charges

Product closure charges

Transfer out charges

Investment options

SIPP AND SSAS PRODUCT FEATURES USED

Each of the scoring criteria is weighted depending on its deduced relevantbenefit to the consumer.

SIPPMinimum and maximum ages

Minimum contributions and transfers in

Number of segments allowed

Set-up fees

Annual admin fees

Dealing fees

Property purchase fees

In specie fees

Cash transfer fees

Lifetime annuity availability and charges

Capped drawdown charges

UFPLS availability and charges

Flexi access charges

Transfer out charges

Online valuation availability

Deposit account choice

Investment options

Product closure charges

Moneyfacts logos regularly appear as part of themarketing strategies of major financial brands, drivinghome the winning qualities of their products. Beloware some suggestions on how you can use theMoneyfacts Star Ratings logo in your own marketingand communications campaigns.

In printThroughout trade and national press, Moneyfacts logosare instantly recognisable. This independent badge ofquality reassures the consumer that your product is bestin its class.

OnlineOn web pages, email signatures and web advertising, theelectronic logo will widely showcase the strengths ofrated accounts.

Other ideasYou will find Moneyfacts logos in many places, not just inthe press and online. Many finance brands useMoneyfacts logos on TV advertising and on companycalendars and brochures.

Terms of UseMoneyfacts Star Ratings are copyright and may only be used or replicated by licence. The Moneyfacts Star Ratings areassessed annually and in order to benefit from the above marketing potential a licence must first be obtained from MoneyfactsGroup. The licence runs for one calendar year starting from the release date of the annual assessment regardless of whenpurchased. In order not to miss market advantage, early purchase is strongly recommended.

Licences only apply to the accredited product and not across a range unless a range of products has been accredited and a multi-licence has been purchased from Moneyfacts Group.

OUTLINE OF CRITERIA AND RANKINGS5

MAKING THE MOST OF YOUR MONEYFACTS STAR RATING

OUTLINE OF CRITERIA AND RANKINGS

YOUR STAR RATINGS LICENCE

6

In the event that your product did not obtain the desiredrating in 2018, a consultancy service is also availablefrom Moneyfacts, which will offer advice and guidance onhow to improve your product proposition in time for the2019 Star Ratings assessment.

Improving Your Rankings

Star Logo LicenceShow your customers that you’re a star! We can provideyour logo in a variety of formats, enabling you to use itacross all channels.

CertificateFor use in-branch. Available in a variety of formats and sizes.

PlaqueWe will send you an attractive plaque, to showcase your Star Rating. This is designed to be wall-mountedand is a permanent reminder of your success to visitorsand staff.

What you get

For further details please contact Samantha Owens, Insight Manager on 01603 476307

REF: SIPST-111-0817

Moneyfacts continually monitors a wide range offinancial products in the market.

Our Annual Star Ratings assess the technicalmerit of financial products, paying attention tothe ‘added quality’ features.

The growing range of products currentlyassessed includes:

H Business Credit Cards

H Business Current Accounts and Community Accounts

H Car Insurance

H Critical Illness

H Equity Release

H Ethical and Green Units Funds

H Home Emergency Cover

H Home Insurance

H Personal Credit Cards & Charge Cards

H Personal Current Accounts

H Pet Insurance

H Prepaid Cards

H Private Medical Insurance

H SIPP & SSAS

H Travel Insurance