Up until now SIPPs have enjoyed a good reputation but John Moret believes advisers need to ask important questions of their providers if this is to continue
Recent surveys have confirmed what those of us working close to the coalface have known for some time - that the demand for SIPPs continues to grow. The latest market survey suggests that accumulated assets have now reached close to £40 billion with the total number of SIPPs approaching 300,000. Of course these figures disguise a wide variety of propositions. Indeed the latest figures show that the largest writer of SIPPs to date, by some way, is a life company. However, delve behind the figures and one finds that almost 90% of the SIPPs are invested in the company's own funds. So while l...
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