Axa Sun Life's claims over Sipps (Money Marketing, last week) gave my
colleagues and I a few good laughs.
Who do Axa Sun Life think they are kidding?
What I hear is the sound of straws being clutched at as they see millions
of pounds being directed away from their own funds to pension providers
that had the business sense to offer a true Sipp.
Axa Sun Life should take some time to talk to IFAs about Sipps. They may
be surprised to learn that the main reason for IFAs recommending them is
that they fully intend for their client to use the facility to provide
maximum investment potential and flexibility, not merely as a parachute.