Investors could lose out as FTSE bounces in 09

He predicts the stock market will move upwards in a series of bounces throughout the year, with the FTSE closing at 4,800 by the year end. However he says most investors will be too afraid to re-enter the market and will therefore miss out on possible gains. Commenting on the pensions market in 2009, Seaton also believes the FSA will come to terms with what a SIPP is and will provide clear guidelines to stop abuse of the products. "SIPPs" will be operator schemes where the member has the power to direct investments in assets other than collective investments," he says. "IFAs will need...