Suffolk Life, a provider and administrators of Sipps, has confirmed that fixed term deposit accounts are now available in its SmartSipp. Greg Kingston, head of marketing, said: "Advisers told us that they wanted to access their preferred platforms while also retaining the ability to transact in off-platform investments via Suffolk Life. Following the launch of SmartSIPP feedback has been focused on that lack of choice of fixed term deposit accounts via platforms. In response, Suffolk Life has added the facility to invest in fixed term deposits to SmartSIPP."

Greg added, "SIPP interest rates never seem to be far from the headlines. The SmartSIPP bank account is transactional with contributions coming in, investment transactions being made and benefit payments being paid. We can now offer advisers the choice of fixed term deposits from the whole of the market allowing them to source the best rates for their clients."

Suffolk Life, an IFP sponsor, recently revealed that investors are now able to access the Skandia Investment Solutions platform via SmartSIPP.

Further information on the types of deposit accounts available via Suffolk Life for SmartSIPP and MasterSIPP can be found at www.suffolklife.co.uk/fixedterm.

Suffolk Life
has has total assets exceeding £4 billion and owns over 2,200 properties for over 4,000 SIPP investors. It was established in 1971 and is based in Ipswich, Suffolk Life employing around 200 people.