Turmoil 'boosting SIPP interest'

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A J Bell's SIPPcentre adviser registrations have risen by 44% in the twelve months to September 2008, compared to the same period in 2007, as savers fear market volatility.

Registrations received in the last three months are 98% up on 2007 figures, the firm says. Current volatile market conditions had their part to play in the rise as they are forcing people to think more carefully about their savings and how they invest their existing pension funds, A J Bell says. The firm believes many people are reviewing exiting arrangements to ensure they can improve their own position for charges, service and investment choice. Increased interest in SIPPcentre has also been driven by increasing the range of permitted investments from January 2008 and the introduction ...

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