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Is Norwich Union right to say that too many people who would be better off in a personal or stakeholder pension have been put into higher-charging Sipps?Yes 60%No “I am surprised by this. I cert-ainly have not done this and I do not agree with what Norwich Union are saying.”

Garth Atherton, Thomas Beales

Yes Norwich Union is probably correct in some circumstances. I think a lot of people were setting up Sipps in the run-up to A-Day because residential property was going to be allowed in them. I am sure there are a lot of people out there with Sipps that were set up before A-Day that may not be so suitable now.”

Andrew Taylor, Taylor Financial Planning Malcolm Ford, David F King Associates

Yes “There is a temptation to that on some occasions. There is a problem with commission on the lower-charging pensions and you could argue that people should go into those other funds.”

Peter Hipwell, Pattison Lilley & Associates

Yes “I am sure this is something that does occur but I would never recommend a Sipp for amounts under 200,000 unless the client specifically asked for one.”

Brian Hatton, Hatton Financial Services

Yes “But I think this is probably true for IFAs that work on a commission basis rather than a fee.”

Harshed Soni, Howard Roark Finance & Insurance Services

Yes “Absolutely. A lot of IFAs have jumped on the Sipp bandwagon after the potential widening of the rules was closed.”

Antony Ransom, Antony Ransom Independent Financial Adviser

No “This is not a problem we have really come across. We do very few Sipps and only channel clients towards Sipps in special circumstances.”

Gary Stirling, Stirling Independent

No 40%Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.

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As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.

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