IFAs plan Protected Rights campaigns-research

Before restrictions were lifted on October 1, £100bn of Protected Rights money built up by individuals who were ‘contracted out’ of SERPS or the State Second Pension had to be held in life insurance funds. However, following the rule change, over a third of people (38%) are now planning to move their Protected Rights money away from these funds and into a SIPP, according to the research. FundsNetwork’s study found only 9% of respondents were very happy with the performance of their Protected Rights pot, while a further 28% had no idea how their money had performed. Less than 8% would ...