Act now to stop future Sipp problems

Sipps have undoubtedly been the major success of the life industry in recent years, with groups taki...

Sipps have undoubtedly been the major success of the life industry in recent years, with groups taking in massive inflows despite the odd regulatory U-turn. Recent research shows two-thirds of advisers see Sipps as core to their business over the next five years, indicating the product can only grow its share of the pension market. This popularity is despite several key concerns about the wrapper and these must be dealt with as soon as possible. After all, no one wants another wide-scale pension mis-selling scandal. One of the key issues surrounding the product is charging, particularly ...