64% of advisers see A-day sipp increase

The survey of 115 advisers reveals 64% reported an increase in Sipp volumes since pension simplification came into effect in April last year, while just 1% claim Sipp business has declined, and 35% reveal their business has stayed static. In addition, the findings reveal 21% of advisers claim Sipp business volumes have increased by 50%, while 3% say Sipp sales have grown by 75%, and one in seven claim their sales have sales have doubled or more. As a result Alliance Trust Savings says advisers have a positive outlook on the Sipp market, as 48% expect a similar rate of growth to the last ...