Protected Rights now being accepted in to SIPPs would be the just reason to be cheerful. The change in legislation from 1st October 2008 to allow self investment of protected rights pension funds has been widely welcomed. Estimates seem to vary wildly as to the potential size of this market but the figure of £100 billion seems to be appearing more often than not. If only 5% of this would be suitable for transfer to a SIPP then that is £5 billion new money into SIPPs. No wonder the SIPP providers are happy. Some contracted out plans are still receiving rebates - apparently personal pen...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
