SIPP contributions expected to fall in Q1

Financial advisers may do well out of the turbulent markets, however, with EPM expecting higher transfer volumes into SIPPs in the New Year. Looking forward to 2009, EPM's managing director, Francis Moore, says pressure on company profits and low job security will hit SIPP contributions in 2009, though he believes IFAs will still see healthy levels of SIPP business. "The level of transfers to SIPPs is set to continue as individuals seek control over their investment choices," he says. Moore believes cash accounts will be particularly attractive in 2009, due to major falls in the value...