Norwich Union is recommending intermediaries conduct at least semi-annual reviews of Sipp portfolios...
Norwich Union is recommending intermediaries conduct at least semi-annual reviews of Sipp portfolios in today's volatile market conditions. The group's divisional pensions development manager Alan Wells said regular updating is crucial because the fluctuating markets could change the amounts Sipp investors are allowed to withdraw annually through income drawdown plans. Volatility may quickly alter the amount investors may wish to take from their portfolios, he added, particularly as the speed at which markets move against or in favour of the individual asset class has increased. So-c...
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