Suffolk Life says new applications for SIPPs have grown 10% in the first three months of the year.
The firm says the growth is partly due to its MasterSIPP product, which is meeting investor demand for self-invested protected rights. Applications for SIPPs grew 10% compared with the first quarter of 2007 and over a third of new MasterSIPP applications included protected rights, according to Suffolk Life. Sales including self-invested funds administered for insurance company partners exceeded 850, the highest ever figure for a single quarter. John Moret, director of sales and marketing at Suffolk Life, comments: “We are delighted to see that demand for our Suffolk Life MasterSIPP conti...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
