Metro Bank

We’ve supported the Self-Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS) sector for many years, working closely with professional trustees and administrators who manage complex pension arrangements on behalf of thousands of members. Our Partnerships team specialises in providing reliable, well-run banking options that help support schemes with pension, trust and HMRC requirements.

We offer an Instant Access Savings Account designed specifically for pension professionals. It serves as the operational hub for each scheme. From collecting contributions and receiving transfers to funding new investments and supporting members when they enter drawdown. Alongside this, we provide our dedicated Fixed Term Deposit products for pensions, which allow breakage at any time and therefore aren’t classified as Non-Standard Assets under regulatory rules.

Our approach has always been straightforward, which is to provide a dependable service, keep account opening times swift, and ensure that clients can speak to people who understand the nature of SIPP and SSAS administration. Today, we support around 200 specialist firms responsible for approximately 120,000 accounts and combined deposits of roughly £1.9bn.

If you’d like to discuss how we can support your scheme, please get in touch:

Pensionbankingteam@metrobank.plc.uk

Or contact

Ian Sarfas, Head of Pensions Banking & Support Partnerships

Ian.Sarfas@metrobank.plc.uk | 0797 0206 510