SIPP & SSAS banking: Specialist pension accounts

Pension bank accounts for SIPP, SSAS and pension providers.

Cater Allen works with pension administrators, SIPP and SSAS providers, advisers and trustees to support the day-to-day management of pension scheme cash.

We provide pension bank accounts that help providers manage client cash efficiently, securely and in line with governance and regulatory requirements.

Our approach is built around how pension providers operate, supporting clear authorisation, trustee oversight and reliable cash management across pension schemes.

Who is this banking designed for?

Our pension banking services support:

SIPP providers managing scheme cash and client instructions

SSAS administrators requiring shared authorisation and trustee controls

pension advisers and trustees overseeing scheme assets

professional firms managing pension cash on behalf of clients

Whether you administer a small number of schemes or operate at scale, our pension accounts are structured to support consistency, transparency and control.

Pension cash management made easy

Managing pension scheme cash requires accuracy and oversight. Our pension bank accounts help providers to:

hold and manage pension scheme cash balances

support SIPP and SSAS cash management

make payments securely with dual and multi-signatory authorisation

maintain clear audit trails and reporting

reduce administrative effort through digital account management

Our accounts are designed to support pension governance without adding unnecessary friction to daily administration.

How we support pension providers

Online applications and tracking

Apply online for current and saving accounts, including SIPP and SSAS products, and track progress in one place.
Relationship support

Work with a dedicated relationship team that understands pension schemes and supports you from referral through to account opening.
Reporting and insights

Access downloadable reports to support your ongoing client work.
Strength and protection

Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS), and accounts benefit from the backing of Santander UK plc.

What our partners say

"Cater Allen have been a trusted partner for us for many years, providing trust bank accounts, trust savings accounts and a range of trust Fixed Term Deposit Accounts with competitive interest rates. They're easy to deal with and provide a high level of service - I would recommend them to other businesses."

Lisa Simpson | Trustee Accounts Specialist, Trustee Accounts

"I've worked with Cater Allen on a large number of personal injury trust bank accounts for vulnerable clients. They are my go-to provider due to the online banking facilities. The introduction of their online application process has significantly improved efficiency, and I'm hopeful this continues. The support from our dedicated relationship manager has always been friendly and responsive, making the overall process much smoother."

Stephen Farnfield | APFS, Director, Paladin Group

"We hold Cater Allen accounts for trusts that we administer, and for attorneyship and deputyship clients. We are impressed with how quick and easy it is to withdraw funds from the accounts – funds are usually received on the same day they are requested, which enables us to efficiently manage client assets. A meeting with the Relationship Support team every few months also gives us the opportunity to provide feedback or suggest ways in which the service could be further improved."

Sue Knowles | Trust Manager, Ashfords

"Cater Allen gives us the confidence that our SSAS funds are managed through a secure, well-structured banking solution backed by a team who genuinely understand the sector. Their service has made a meaningful difference to our ability to manage and administer pension schemes scheme effectively and providing clients 24/7 visibility of their SSAS bank account. I would not hesitate to recommend them to other SSAS trustees or advisers looking for a reliable and knowledgeable banking partner."

Premal Prajapati | Director, Intrusted Pensions LTD

"We have partnered with Cater Allen for SSAS accounts because they combine a genuine understanding of the SSAS market with the backing of a large banking group. We are looked after by Chris Sanderson who is always on hand with his team. Cater Allen offer true dual online authorisation whereby both the pension provider and the client need to authorise transactions, and as another differentiator they involve us in the ongoing development of their online tools."

Andrew Roberts | Head of SSAS, Barnett Waddingham LLP

"With banks shying away from trusts, it is great to be working with an experienced and professional bank. I must say your new onboarding system has made it easier for me to help clients open accounts more quickly than before."

Mark Thompson | Mark Thompson Law

"I have now submitted 3 cases on the new online system, and I have say what a game changer! It’s so easy to use and if anything is required there is a simple response task to complete where you can attach any missing documentation. I had one of my accounts open within 5 working days which is so much faster than the paper-based approach previously used and saves my time which is of course precious. The improvement is helping my business in this area so thank you for making the process so streamline and succinct."

Matthew Isaacs | Bloomfield & Associates

"Cater Allen have delivered online access for our clients as well as an online onboarding process and our clients have welcomed this modern approach to SSAS banking. They also offer various accounts with differing access and interest rates to suit our client’s needs. We would highly recommend them and look forward to building our relationship further."

Steve Hart | Morhart Pensions

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