Billy Mackay attempts to cut through the confusion regarding SIPP flexibility
Recent press coverage suggested that some advisers are frustrated with the lack of flexibility shown in the SIPP industry. Is there truth to this suggestion? In the drive to play in this market you will see personal pensions and private managed funds dressed up as SIPPs which can be a tad confusing. Allowing for all of this, I firmly believe that advisers understand the fundamentals of the market i.e. that SIPPs come in all shapes and sizes. I regularly come across discussions that involve talk of mini SIPPs, midi SIPPs and full SIPPs. The terminology might change a little but there is o...
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