Axa Wealth's family SIPP hits £500m landmark

The Family Suntrust enables groups of individuals - families or business partners - to pool their assets and build a pension fund with one common investment strategy. The family SIPP also enables scheme pension to be taken. Unlike drawdown, the income is based on an actuarial assessment of suitable income levels, considering factors such as health, age and likely investment yields. Andy Zanelli, head of retirement planning at AXA Wealth, said: With GAD rates, gilt yields and annuity rates continuing to fall, advisers are looking for alternative options or combination of solutions so t...