Sipps going toe-to-toe with Isas says Fidelity

The investment supermarket says it has experienced a total sales increase of 37% in its Isa season sales year on year, with a 29% increase to £542m sales from last year. In addition, Fidelity says over the same period it has experienced a jump of 413% of investments into its Sipps, taking net sales from £25m to £128m. Fidelity says analysis of its Sipp sales over the ISA season period – January 1-April 5 - shows Sipps could be starting to rival Isas as a seasonal tax-efficient investment. It says new annual subscription limits introduced by A-Day are likely to be the predominant drive...