A-day opens sipps to £250bn in assets

Speaking at the Westminster and City Conference on ‘A-Day – a new world’, John Moret, director of sales and marketing at Suffolk Life, says A-Day has given sipps access to a significant part of the individual pensions market. He suggests wealth managers and investment houses which operate in the sipp arena, will be increasingly well positioned to access a part of the market which has been historically dominated by insurance companies. Moret estimates there is at least £100bn of assets “up for grabs” for the sipp market in old executive pension plans (Epps), retirement annuity contracts ...