Merchant Investors launches SIPP hybrid

OneSIPP offers insured SIPP features with a trust-based SIPP’s investment scope, giving customers greater asset protection than in a trust-based SIPP. Insured SIPPs benefit from a compensation scheme covering 90% of the insured assets, whereas trustee-based SIPPs offer compensation only on the first £48,000 of invested assets. OneSIPP allows customers to keep many of the assets held in a traditional trust-based SIPP in the insured part of OneSIPP. The launch follows Merchant research last year which found 64% of IFAs questioned felt confused about the difference between insured and trust-...