As SIPP providers taking typically 0.5% to 1% interest from the bank account there is little or nothing to be passed on to the client.
My Pensions Expert have taken the view that in these unprecedented times they would not be treating their customers fairly if they were to adopt this approach.
With the re launch of their SIPP proposition clients have the comfort that whatever interest is generated from the trustee bank account that will be passed on. In addition to this, Montpelier are allowing clients to open any other bank account within their SIPP to spread their cash “risk”.