When Suffolk Life launched its MasterSIPP it provided advisers with an innovative way for clients to self invest their protected rights. Helen Morrissey takes a look at the product
The launch of Suffolk Life's MasterSIPP marked an important step forward in SIPP development. Launched in October last year, the Master SIPP allows clients to self invest their protected rights funds underneath the same SIPP umbrella as their non protected rights investments. The step was an important one in terms of ensuring Suffolk Life continues to provide products that meet customer needs. "We were concerned about the restrictions on investment flexibility under our previous SIPP as it was based on a deed poll basis rather than being trust based," said John Moret, director of sales an...
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