A J Bell SIPP sales up 23%

The number of SIPPs increased from 27,950 to 34,376 at the end December 2008 compared to the end of 2007. This reflected growth of over 80% in the number of net new SIPPs written in Q4 2008, up to 1,899 compared to 1,052 in Q4 2007. Despite a 9.5% fall in the FTSE 100 in the quarter, SIPP assets under administration remained static at £4.8bn. A J Bell's total assets under administration, including SIPP, SSAS and institutional stockbroking decreased marginally during the quarter from £8.3bn to £8.2bn. "We are trading well ahead of expectations for the year to 30th September 2009, th...