Better Business: 20 years of SIPPS

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Matt Ward, wealth management consultant at Defaqto, assesses the threats and opportunities facing the SIPP world...

SIPPs are now 20 years old and during the past five years in particular they have attracted many column inches within the national and trade press. Surprisingly for the topic of pensions these have been largely positive stories in that SIPPs offer control, freedom and flexibility to the end consumer. However, as with all products and markets that become part of the mainstream consciousness, SIPPs now find themselves under scrutiny. In particular the suitability of SIPP recommendations for clients is being challenged and studied. Challenges and opportunities Despite the SIPP market enjo...

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