Better Business: SIPPs & charges

In its 2007 SIPP review, the FSA warned clients may be at risk of being lured into higher-cost SIPPs without using the additional bells and whistles on offer that justify higher costs. For many clients, a stakeholder or personal pension may be a better deal. Jeremy Mugridge, platform marketing manager at Skandia, says the regulator's findings were the inspiration behind its recently launched Platformwatch website. "It is obvious the FSA wants advisers to undertake robust due diligence," he says. "There is lots of information on what each SIPP provides, but there has always been a missing...