Advisers selling SIPPs rise by third

A survey of 250 advisers shows 27% have increased the amount of SIPP business they do, including 23% who have seen a fair rise in business and 9% who have a lot more business than before. Ray Chinn, head of pensions at LV=, says: “The legislative changes post A-Day and the increased confidence of SIPPs being a regulated product have made them more appealing, and they certainly seem to be ‘the new black’ at the moment. Where once SIPPs were thought of as niche products, they have now taken centre stage." However, he warns advisers must remember SIPPs do not suit all clients. He says: ...