SMPIs under the spotlight

Statutory Money Purchase Illustrations (SMPI) are sent to clients on an annual basis to demonstrate the amount of future pension that might become payable under the scheme in ‘real terms' As with previous research projects we sent out a short questionnaire to our readership and in this instance we received completed responses from 154 respondents. The first question we asked the advisers was what percentage of client assets under management do they have in SIPPs? The responses were wide ranging with 15% of those providing a response saying they had no client assets in SIPPs while 9% said...