James Hay, the self-invested personal pension provider (SIPP) provider, has seen sales rise 125% in the first quarter of the year, according to latest results.
New SIPP sales for the quarter stood at 1,260 - up from 560 in the first quarter of 2012. IFG, its parent company, said the surge was down to its new modular iSIPP. The results said: "While March is typically a busy month in the run up to the UK tax deadline, the momentum in new business trends continued in April with a further 483 SIPPs added. "Our newly launched Modular iSIPP has proved to be very popular and it, together with continued improvements in the sales management process, has helped drive growth. "Retention levels are running ahead of expected levels with attrition (...
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