Majority of advisers seeing significant increase in Sipps

More than 80% of advisers have reported an increase in Sipp business in the past 12 months, a survey...

More than 80% of advisers have reported an increase in Sipp business in the past 12 months, a survey by private client investment manager Morgan Stanley Quilter has shown. Research among more than 200 advisers showed that 70% expect a significant increase in Sipp business before A-Day on 6 April 2006. Meanwhile, intermediaries are divided on the amount of influence they want to keep in investment decisions. While 28% want to retain control of the final investment decision, 29% are keen on the ability to outsource this function to investment experts. The cost to the client was another sign...