Second-hand SIPPs: How to switch provider

Second-hand SIPPs: How to switch provider

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Switching SIPP providers can be a tricky prospect for advisers. Here Jeff Steedman outlines the process and shares his market insights...

As any adviser will tell you, the service levels from insurance companies and self-invested personal pension (SIPP) providers can vary hugely: the good, the bad, and the seriously ugly are all out there. SIPP fees (and third party charges) are also changing constantly, and the reducing fee trend of a few years ago has now reversed. Fees have started to creep, and in some cases, leap up. So why is this happening, what should advisers look out for and what measures should be taken? The challenge With about 100 SIPP providers, keeping track of their fees is challenging to say the ...

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