MM popular with SIPPs says Fidelity

Simon Ellis, managing director of the company’s multi-manager business, said the provider had noticed the development over recent weeks. The £18.53m Fidelity Multi-Manager Distribution fund and £168.53m Multi-Manager Income fund are proving popular for this type of investment. He said investors increasingly realise the investment content of a fund is more important than the wrapper when it comes to SIPP investments. Ellis said: “A lot of SIPP investors are those at the more mature end of the market who are consolidating existing pension arrangements, and for them cautious managed...