Survey highlights lack of SIPP awareness

According to a survey by FundsNetwork, the popularity of SIPPs as the personal pension of choice for the mass affluent is rising, but many advisers feel there is more to be done to raise awareness of A-Day and the opportunities it provides. Findings from the research, conducted with advisers across the UK, reveal nearly one third (29pc) believe SIPPs are becoming the personal pension of choice for the mass affluent. However, less than half of the advisers questioned felt investors were aware of benefits such as the improved contribution limits and increased flexibility for income dr...