Story by: Joy Dunbar, Financial Adviser
There is an unsustainable number of self-invested personal pension providers in the market that may not be able to survive the credit crunch, warned Defaqto.
The department for work and pensions' failure to clarify pension proportionality rules more than a month after experts raised concerns is making advisers worried about this type of business, according to Positive Solutions.
Perspective Financial Group Ltd has unveiled its growth plans as well as its initiative to marginalise insurance companies by offering its own products.
James Hay has added the newly launched UBS US Growth Fund to its collect Sipp platform.
Advisers have been warned about an increase in self-invested personal pension mis-selling claims amid growing sales of the product.
The pensions industry should concern itself more with the underperformance of protected rights funds and less with the new option to place these assets in a self invested personal pension (Sipp), according to Premier Pension Services.
Axa has launched its Elevate platform today (14 November) and unveiled its new pension investment account (PIA).
Clients could be paying extra for self-investing protected rights money into a Sipp, according to Merchant Investors.
The majority of insurance companies will follow Axa Winterthur's lead and reinvent their personal pension ranges as Sipps, according to Hargreaves Lansdown.
Axa Winterthur is set to launch a new style Self Invested Personal Pension (Sipp) called The One from Winterthur.
In life it is often assumed that you always get what you pay for, but the SIPP market is a perfect illustration that this is not necessarily the case.
Advertising
Oxfordshire is the destination of choice this week, as the mystery shopper asks about advisers about pensions.
Breaking down the barriers to understanding Sipps involves tackling pervasive mythmaking
Location: Birmingham
Salary: £14000 - £24000 per annum + Bonus
Location: Home Counties South
Salary: To £40k + Car + Bonus + Benefits (OTE to £80k)
Location: UK Wide
Salary: To £40k + Car + Bonus + Benefits