SIPP growth suggests pensions disquiet - Moret

The sales and marketing director at provider Suffolk Life says the industry now exceeds £60bn and stands by his 1999 prediction there will be more than half a million SIPPs by 2010. Moret adds recent FSA warnings about pension switching should not detract from the fact that, for many, a SIPP wrapper "remains an attractive proposition". "Our figures show clearly the SIPP success story continued during 2008," he says. "The growth, partly fuelled by the introduction of the ability to self invest protected rights monies, confirms that many investors in the UK have little choice but to take ...