You get what you pay for

Dear Editor, Recent articles in several financial publications have criticised the service levels offered by the SIPP providers in recent times. While it would be wrong for me to comment on the service offered by the SIPP industry in general, I believe that the problem here is two-fold. Firstly, the number of SIPP providers chasing the bulk business, and secondly, the tools available and the process of selection of SIPP provider for the IFAs. There has been a trend within the market, to push down the headline cost of SIPPs, with the supposed increase in technology allowing these cuts ...