A FINANCIAL services business in Carlisle has had two of its pension products rated as being among the best in the country.

InvestAcc Group, in Port Road Business Park, received the maximum five-star rating from financial data analyst Moneyfacts for its Minerva Self-Invested Personal Pension ( SIPP) and S IPP Lite.

Richard Eagling, editor of Moneyfacts Investment Life & Pensions, said: “Self-invested pensions, which allow individuals to take greater control of their pensions, are growing in popularity but the wide range of options can prove confusing.

“The Moneyfacts star ratings highlight the companies that offer the schemes with the most extensive range of features and competitive charges, helping consumers direct their focus when considering a scheme.”

InvestAcc Group was established in Cockermouth in 1992.

It moved to Carlisle in 2001 in anticipation of an upturn in business having secured pensioner trustee status from the Inland Revenue.

The Minerva SIPP, launched in 2003, is its flagship product.

It has a customer base throughout the UK, managing pension schemes with 3,500 members and combined assets under management of £850m. Most business is referred by independent financial advisers.