SIPPs regulation boosts sales

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A-Day changes have led to an increase in SIPP business, according to research by Fidelity FundsNetwork.

A poll by the SIPP provider shows 56% of advisers believe the changes allowing occupational scheme members to invest outside their employer’s scheme, have increased business. A quarter say regulation has significantly contributed to new SIPP business. Rob Fisher, head of sales and marketing at Fidelity FundsNetwork, says: “There is now more choice for advisers looking to invest their clients’ savings and we are seeing an increase in SIPP business as more and more take advantage of the changes. “Being able to invest in a SIPP as well as keep up regular contributions to an occupational s...

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