Personal accounts and SIPPs will force stakeholder out - Moret

Speaking yesterday at the launch of Suffolk Life’s MasterSIPP, which allows customers to self-invest protected rights money, he says the products will survive as the only two going forward in three to five years. He says: “We don’t need much else. If personal accounts take off in a meaningful way, they are likely to provide the solution for the majority of individuals working for employers and there will still be some employees remaining in defined benefit schemes. “For those who aren’t in personal accounts or those who want more choice and flexibility, the SIPP provides that solution. “...