FundsNetwork ups SIPP market presence

The platform has grown its market share to 6.5pc since A-Day legislation was introduced last April and secured 4.6pc of the UK personal pension market. The value of FundsNetwork’s SIPP has also gone up, reaching an average of £170,000 so far in 2007. David Dalton-Brown, head of the company, said the results showed the principles of A-Day were being achieved by SIPPs. “Advisers and clients have taken to SIPPs as a way of bringing an enhanced level of flexibility and choice to their retirement planning strategies, and they are clearly taking advantage of the benefits of increased transpare...