SIPPcentre business soars 62%

Total applications received in Q2 were 42% higher than in 2007 which shows SIPP business is booming despite volatile market conditions. A J Bell attributes the rise in business to advisers and clients reaping the benefits of transparent low cost charges, the ability to accept protected rights, on-line functionality and access to a range of investments including multiple fund supermarkets. Billy Mackay, marketing director at A J Bell, says: "As you would expect the current conditions are encouraging investors to be very careful about how they invest their money. “These figures show t...