From Lisas to PPIs, now IPAs, confusion reigns

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The good news is the Individual Pension Account is on its way, the bad news is it does not look like...

The good news is the Individual Pension Account is on its way, the bad news is it does not look like it will be of much use to anyone. For those who think there is too much pensions complexity around already the bad news is actually good news - the plan, formerly known as the PPI and before that as the Lisa, seems unlikely to get off the ground in its present state. The IPA does not increase contribution limits for pensions so there is no real sales angle for intermediaries, it does not broaden investment choice and looks unlikely to propel unit trust companies into the pensions market. W...

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