Suffolk Life redesigns its annual Sipp statements

Suffolk Life is redesigning its annual statements in response to a raft of complaints from advisers ...

Suffolk Life is redesigning its annual statements in response to a raft of complaints from advisers about Sipp provider reports. The new-look annual statements will include an instant summary, a fully reconciled report and a full balance sheet and profit and loss statement. This new format was unveiled following adviser research, revealing their biggest frustrations with standard provider Sipp statements. The worst shortcomings were cited by advisers as confusing explanations or a lack of clarity or summaries and not reconciling the data. Sipp providers are now being asked to includ...