Alliance Trust suspends SIPP due to poor admin

The firm says it has suspended the product to conduct a comprehensive review of services to its 7,000 Full SIPP members. A spokesman for Alliance Trust says: "We felt we needed to strengthen our admin side as the service was not really up to standard." It will continue to offer its Select SIPP, which accounts for around 50% of the firm's pension business, as usual. The spokesman says the firm will review its customer service and administration and will look to re-introduce the product in the future, but could not speculate on how long this process would take. The Full SIPP allows sa...