Provider highlights SIPP TCF dangers

The provider's waning comes on the back of concerns expressed by the FSA on widespread SIPP sales which have risen to 250,000 since A-Day. The regulator suggested IFAs select the product based on its ability to offer a wide range of funds, rather than whether it is truly suitable for clients. However, Nigel Manley, head of self-invested pensions at Premier Pension Services, does not blame IFAs. He says: “It seems almost every provider in the market place is turning its pension product into a SIPP because it is the fashionable thing to do. "You have to ask yourself the question, how ma...