Investments

Bank Account

Each SSAS has its own bank account, which is used to manage the scheme’s cash. All transactions must pass through this account.

The account is a joint account between D A Phillips & Co Ltd and the member trustees. All cheques and other instructions must therefore be signed by an authorised signatory of D A Phillips & Co Ltd and at least one of the member trustees.

We use a couple of banks who specialise in this type of pension scheme. These banks offer:

  • No bank fees
  • No transaction charges
  • A good rate of interest (details available on request)
  • Monthly bank statements.

However, you are free to use a bank of your choice if you would prefer.