The Sipps/multi-manager revolution

Once the province of wealthy investors only, Sipps have undergone a major revolution after becoming regulated by the FSA, and now have a broader appeal. But a more beneficial - and ultimately cost-effective - strategy is for IFAs to use multi-manager within Sipps

There was a time when Sipps were used only by wealthy investors who were keen to take advantage of the generous tax treatment given to pensions, but did not want their money invested in a traditional insurance-company pension plan. Now, they appeal to a much wider audience. Much as Peps and Isas exposed the lacklustre returns and suffocating restrictions of their endowment policy predecessors, Sipps have at last been catapulted into the 21st century. The revolution is very much here, and it is likely to march on at such a pace that Sipps could soon be to the world of pensions what Isas hav...