The Morningstar Wealth Platform is provided by Morningstar Wealth Administration Limited and Morningstar Wealth Retirement Services Limited. The following sections provide access to the key information related to the investment platform products and services.
1. Investor Terms and Key Features of the SIPP
Effective for new customers from 1st July 2023 and existing customers from 1st August 2023
View the Investor Terms and Key Features of the SIPP
View the Key Features of the SIPP and Terms
2. Morningstar Wealth Administration Limited Cash Interest Policy
Morningstar Wealth Administration Limited retains all interest earned on client money and separately sets the rate of interest paid to customers. Morningstar Wealth Administration Limited aims to pay a competitive rate of interest to customers with a cash balance. Interest on cash balances held in the preceding month will be paid by the 10th working day of the subsequent month. Rates to be paid will be published below once confirmed and ahead of making the payment.
The policy on how interest rates are calculated and the level of the cash management charge is designed to be both simple and transparent. The rate paid to customers is based on Morningstar Wealth Administration Limited paying at least 50% of the interest earned on cash balances, subject to not receiving a cash management charge in excess of 1.5% of the cash balance held. Morningstar Wealth Administration Limited may at its discretion pay a rate of interest that is more than the above policy allows.
Interest Rates Detail
Detailed below are the interest rates earned by Morningstar Wealth Administration Limited, the rate paid to customer and the resulting cash management charge.
| Month | Rate Earned | Rate Paid | Cash Management Charge |
| November 2023 | 5.06% | 3.65% | 1.41% |
| October 2023 | 5.04% | 3.64% | 1.4% |
| September 2023 | 5.06% | 3.64% | 1.42% |
Note – rates published have been rounded up to the nearest 2 decimal places in favour of investors.
3. Important Documents
Morningstar Wealth Administration Limited (WAL) is authorised and regulated by the Financial Conduct Authority under reference 463566. Registered in England and Wales under company No. 06016828 with a registered office address of 1 Oliver’s Yard, 55-71 City Road, London, EC1Y 1HQ.
Morningstar Wealth Retirement Services Limited
Morningstar Wealth Retirement Services Limited (WRSL) is authorised and regulated by the Financial Conduct Authority under reference 462660. Registered in England and Wales under company No. 03121034 with a registered office address of 1 Oliver’s Yard, 55-71 City Road, London, EC1Y 1HQ, UK
Smart Investment Management Limited
Smart Investment Management Limited (SIM) is authorised and regulated by the Financial Conduct Authority under reference 627829. Registered in England and Wales under company No. 08704800 with a registered office address of 1 Oliver’s Yard, 55-71 City Road, London, EC1Y 1HQ, UK.