SIPP contributions expected to fall in Q1

clock

SIPP contribution levels are likely to fall in early 2009 as concern over the state of the economy mounts, according to European Pensions Management (EPM).

Financial advisers may do well out of the turbulent markets, however, with EPM expecting higher transfer volumes into SIPPs in the New Year. Looking forward to 2009, EPM's managing director, Francis Moore, says pressure on company profits and low job security will hit SIPP contributions in 2009, though he believes IFAs will still see healthy levels of SIPP business. "The level of transfers to SIPPs is set to continue as individuals seek control over their investment choices," he says. Moore believes cash accounts will be particularly attractive in 2009, due to major falls in the value...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read
Pension dashboard operators join forces to push project forward

Pension dashboard operators join forces to push project forward

Coalition aims to bring 'dashboards to consumers as early as possible'

Jasmine Urquhart
clock 25 March 2024 • 2 min read