City Trustees - part of Mattioli Woods

News and Media

26 September 2012

City Trustees is awarded 5 Star Defaqto Rating for SIPP product

City Trustees is pleased to announce today that it has been awarded the highest 5 Star Rating in Defaqto's Star Ratings for self-invested personal pensions (SIPPs). The Star Ratings provide an independent quality assessment of SIPPs, based on the features they offer and the quality of their service offering to advisers, giving a rating from one to five stars for every available SIPP on the market to indicate their position.

When awarding SIPPs a Star Rating, Defaqto looks at a range of features, including Minimum insured investment, Capped drawdown, Unit trusts/OEICs and Commercial property. 5 stars are only awarded to the top 10% of policies and to achieve the top rating, a SIPP must also include certain core features such as the facilitation of in-specie transfers out and the provision of consolidated tax statements.

Managing Director Iain Herbertson commented;

"We are thrilled to have achieved this impressive and independent endorsement and highest possible rating from Defaqto. We have worked hard to enhance our product and the 5 Star Rating confirms our SIPP as a quality product in the market, providing flexibility and strengthened by customer driven service that IFAs can rely on".

"In a systems-based marketplace, we provide a proactive, professional and personalised approach and we look forward to building on our success in 2012 by working with more advisers to help them and their clients with a truly bespoke and quality service" he added.

City Trustees, which is part of the Mattioli Woods Group, distributes its products exclusively via IFAs, wealth managers and other intermediaries and core to its SIPP offering is a transparent fee structure and a bespoke service with each client having their own dedicated account manager. The City Trustees SIPP provides clients with full control of all aspects of their pension planning and allows diversification through a wide range of investments, including commercial property, equities, a full range of deposits and the ability to undertake client-related transacting.

To find out more about Defaqto Star Ratings, visit


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City Trustees is a trading name of Mattioli Woods plc. For news updates on the Group, please visit our central News & Media on the Group website.