TPAS questions quality of SIPP advice

TPAS, a voluntary organisation staffed by pension professionals, said its advisers had dealt with several cases where the choice of SIPP was not appropriate for the client. Its annual report said: "SIPPS meet a demand from financially-savvy investors. Such investors are able to make informed choices and are aware of their responsibilities with regard to investment choices and decisions. But some of the stories we hear from our helpline suggest that the choice of a SIPP was not appropriate for some people." It added: "It is very difficult to handle calls from people who have lost consi...