SIPP investors 'punished still further' on cash interest rates

Self-invested personal pension (SIPP) investors have been warned to brace for even lower interest rates on cash accounts this year as top-level regulations come into effect. SIPP investors holding cash will feel the pinch as a knock-on effect of Basel III, the comprehensive set of reform measures designed to strengthen the regulation, supervision and liquidity of the banking sector. The impact of the changes could total £50m in collective lost interest for the country's 1.2 million SIPP investors, according to Barnett Waddingham head of business development Andy Leggett. "Investors...