Sipps could lead to mis-buying not mis-selling

The business advisory, tax and accountancy firm argues warnings from some IFAs over the dangers of sipps are mistaken as it claims investors have sometimes bought into the product in spite of advice which states they are the wrong vehicle. It says the coverage of the A-day changes to sipps has made some people determined to invest in the product, "in the face of recommendations to the contrary", which it claims is “more a case of mis-buying than of mis-selling”. Steve Harvey, director of Vantis Financial Management, says the company has been approached by a number of people who think the...