Near-SIPPs and Sippalikes may help tempt entrepreneurially-minded clients on a budget, but will they last a lifetime asks Shaun Sandiford?
Popularity can have a very nasty sting in its tail. Whether it's the season's must-have ladies' bag or a breed of pedigree dog, the object of popularity inevitably risks being devalued, or even discredited, by a flood of cheap imitations. It may not matter too much with some things, but with dogs and pensions I believe it does very much. So it's more than sour grapes which causes me to be highly suspicious of the rash of 'SIPP Lite' offerings that have hit the market since A-Day, and sceptical of the welcome given to them in some quarters of the industry. I stand with the independent advis...
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