The first six months of 2017 has seen the highest self-invested personal pension (SIPP) sales of any January-June period, according to the Financial Conduct Authority's (FCA) latest data.
Almost 470,000 SIPP products were sold in the first half of this year, 12% more than the corresponding period in 2016 and more than any H1 period in years gone by. Despite record H1 sales, the second quarter of this calendar year saw lower SIPP sales than the first. Some 228,557 SIPPs were sold in Q2, according to the regulator, a 5% decrease on the record quarterly sales of 241,413 seen between January and March of this year. This data comes as the Financial Ombudsman Service on Tuesday revealed the number of new SIPP complaints in the second of quarter of 2017/18 had dipped after a ...
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