- Experts commend interactive investor Pensions for its extensive investment options and flat-fee structure, which is particularly beneficial for larger pension pots. They highlight the platform's low-cost nature and excellent educational resources, while noting that the fixed fees may be less advantageous for smaller accounts. Overall, the service received a perfect rating of 5.0/5 across multiple criteria, including pricing and customer service.
- Across 1125 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform's wide range of investment options and user-friendly interface. Many users appreciate the flat-fee structure, which they find beneficial for high-volume trading. However, there are notable criticisms regarding rising fees, customer service responsiveness, and some technical issues with the platform's functionality.
interactive investor Pensions Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated interactive investor Pensions across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- App & Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Huge range of investments
- £1 minimum deposit makes it easy to get started
- Fixed SIPP account fee that does not increase with your investments
Cons
- Fixed fee expensive for small accounts
See full expert review
Our verdict
Interactive Investor offers the most investment options in the UK SIPP markets. With II you can invest more than 40,000 domestic and international shares, ETFs, bonds and over 3,000 funds (AJ Bell has 2,000 and HL offers 2,500 funds).
Is Interactive Investors' SIPP (pension) any good?
Yes, interactive investor won "Best SIPP Provider" in the 2025 Good Money Guide Awards. ii has a really good pre-selected fund section, which makes crucial SIPP asset allocation decisions much easier. It's very low cost too, with excellent education and research, and a huge range of investments to choose from.
The key advantage of interactive investor’s SIPP is that it has a flat-fee structure. This means that annual account charges do not increase as your pension pot grows in size. This structure can help those with larger SIPP portfolios save on fees, however it can be a little expensive for small pensions if you are just starting to invest for your retirement.
For smaller pension pots, those that just want to invest in ETFs, InvestEngine offer a free SIPP, but it is limited to just UK-listed ETFs, so you can't buy individual shares. One of the good things about ii's SIPP is that you can buy bonds, gilts, and shares in small and large UK and international companies.
Even though ii charges £3.99 for buying funds. If you compare this to Hargreaves Lansdown, which does not charge for buying and selling funds, but HL SIPP fees are higher. If you have £100,000 in your SIPP with ii you'd pay £71.88 a year, versus HL where your fees would be £450.
So, if you have a big pension, is it worth moving it to ii? Well, yes at the moment, as interactive investor claim their SIPP pricing can give you an additional £68,467 towards your pension after 30 years compared to HL. Plus, if you transfer your SIPP to ii before 31st August, you can claim up to £2,000 in cash back.
Of course, you’ll need to add cash or start a transfer of a minimum value of £10,000 to qualify for your cashback reward. Terms apply.
Customer reviews for interactive investor
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,125 reviews
- Excellent51%
- Very good33%
- Basic10%
- Poor4%
- Bad2%
Read customer reviews
Easy to use platform for...
Easy to use platform for equity investments in ISAs and Sipps
very good value and customer...
very good value and customer service
in general it is helpful...
in general it is helpful and informative
Well designed and well run....
Well designed and well run. Its not difficult
3/5
good value and easy to...
good value and easy to use
Commodity broker service for the...
Commodity broker service for the masses. Good as long as thing go well, but on the few occasions I've tried to get service from support staff , failed or become frustrated at the lack of customer empathy and interest I've experienced.
Cheap as chips for a...
Cheap as chips for a regular investor and trades are easy to execute online
5/5
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Longtime good experience even though...
Longtime good experience even though trading shares is expensive
Very professional
Very professional
Currency accounts are good
Currency accounts are good
Good
Good
good
good
good
good
Basic trading platform
Basic trading platform
very good but I am...
very good but I am worried about change in ownership
5/5
comprehensive and user friendly
comprehensive and user friendly
UK SIPP investors can earn £100 to £3,000 cashback when switching to interactive investors‘ flat-fee SIPP (Self-Invested Personal Pension). To qualify, you must open a new SIPP and deposit or transfer at least £20,000 into the account. The cashback amount increases depending on how much you transfer or contribute. The promotion runs until 31 January 2026, and terms, conditions, and pension fees apply.
What is an ii SIPP?
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
