Top SIPP funds hit by market turmoil

Fears after EU wrangling over the Greek debt restructure and the eleventh hour US debt deal caused financial turmoil. Standard & Poor's downgrade of US debt from AAA to AA this week also caused further losses on the US markets, dragging the FTSE and other gobal markets down too. SIPP providers have recommended gold and commercial property as safe havens for spooked investors, but best selling funds through the pension plans have already been severely hit. In May, Alliance Trust published a list of its investors' favourite funds for SIPP investment in 2010-11. Over the past month...