IFAs reveal SIPP market choices

In a poll of 1,000 IFAs, it was revealed 55% prefer to use specialist SIPP providers for more complex arrangements, despite a choice of life and pension providers. IFAs said they would use one provider for a simple SIPP in a straightforward investment portfolio with another provider to manage commercial property investments. Although many life companies, such as Standard Life and Scottish Widows allow commercial property within a SIPP, IFAs said they valued the knowledge and administration of bespoke providers. Splice consulting said generalist SIPP offerings face an uphill battle ...