Self Invested Personal Pensions (Sipps) are likely to increase in popularity up to and beyond A-Day because of the flexibility of investment options, claims new research from Defaqto.
Its report “Self Invested Personal Pensions in the UK” suggests the increased uptake of Sipps will be partly driven by the widening of the pool of potential Sipp investors away from just high net worth individuals. Based on examinations of the terms and conditions of Sipp products, Defaqto holds on its database, and combined with a survey of over 150 advisers, the report claims new investors will be drawn away from pension contracts with high charges, limited investment options and poorly performing or unstructured portfolios. According to Defaqto they will be attracted by the flexibili...
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