Transfers into SIPPs double post-pension freedoms

While pre-April 2015 SIPPs were receiving 21% of transfer money from defined contribution schemes, that figure has doubled to 43% since, according to contract pension transfer service Origo Options Transfers.   Most funds (23%) were transferred from individual personal pensions (IPP), which themselves emerged as popular destinations for pension money, posting a four perecentage-point increase in transfers in. Income drawdown also saw a small increase, now standing at 8% of transfers, according to Origo.  The definite losers in the period, however, were annuity products, which pre-Apri...