SIPP client interest skimming concerns 'overstated', providers argue
Pensions experts respond to concern around interest
Concern some self-invested personal pension (SIPP) providers rely on creaming interest from their clients' bank accounts is ‘overstated' and actually part of a well-established SIPP business model, providers have said.
Earlier this week, Finalytiq's Abraham Okusanya told delegates at the Retirement Planner Forum that SIPP providers are currently taking up to £50m a year in interest from their clients' cash accounts and...
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