ABI launches SIPP best practice guide

The Good Practice Guide for SIPP Providers is intended to ensure firms properly outline the key features and charging structure of their products. It contains best practice examples of how to construct literature for both clients and advisers. Model definitions of common SIPP terms are also included, along with an example of how charges should be set out in a menu format. Maggie Craig, acting director general of the ABI, says: "With SIPPs becoming an increasingly important part of the pensions landscape, it is vital that advisers and consumers fully understand what these contracts ...