The state of the art in manufacturing security documents includes the usage of a multitude of inks and pigments. The chemical and physical stability of these materials is a crucial point for their application in long lasting security products such as banknotes. For our studies regarding the bleaching characteristics of pigments and inks we have developed a highly integrated double beam gonio-spectrometer with in-situ ageing capability. The new spectrometer is equipped with a stabilized solar simulator lamp featuring a dosimeter, which is an advanced alternative to the commonly used blue wool scale. Additionally the sample temperature can be stabilized during ageing tests by a thermostatted sample holder. The instrument is capable of performing reflection measurements using monochromatic and polychromatic excitation and further allows fluorescence, phosphorescence and polarization measurements with high resolution over a wide wavelength range. We will present first results of defined ageing tests on a variety of security pigments and the setup of the newly developed spectrometer.