60% of IFAs think Sipp U-turn will affect business

The IFA Census, conducted by NMG research in conjunction with the Association of Independent Financial Advisers (Aifa), reveals 60% of IFAs believe they will see a reduction in the amount of Sipp business they would otherwise have written. Within this number 29% feel the rule changes will “significantly reduce” the amount of Sipp business they write, while 31% feel the will “slightly reduce” their prospective business. However in the study, carried out just days after the pre-Budget announcement, the changes affecting other more esoteric assets, such as fine wines and vintage cars, seem l...